0001031203-16-000062.txt : 20160803 0001031203-16-000062.hdr.sgml : 20160803 20160802174321 ACCESSION NUMBER: 0001031203-16-000062 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160803 DATE AS OF CHANGE: 20160802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GROUP 1 AUTOMOTIVE INC CENTRAL INDEX KEY: 0001031203 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 760506313 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13461 FILM NUMBER: 161801675 BUSINESS ADDRESS: STREET 1: 800 GESSNER STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 713-647-5700 MAIL ADDRESS: STREET 1: 800 GESSNER STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77024 10-Q 1 a20162ndquarterform10-q.htm 10-Q Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 FORM 10-Q
 
 
 
þ
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2016
or
¨
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                     to                     
Commission File Number: 1-13461
 
 
 
Group 1 Automotive, Inc.
 
 
 
(Exact name of registrant as specified in its charter) 
 
Delaware
 
76-0506313
 
 
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
 
 
 
 
 
 
 
 
 
 
800 Gessner, Suite 500
Houston, Texas 77024
(Address of principal executive offices) (Zip code)
 
 
 
 
(713) 647-5700
(Registrant's telephone number, including area code)
 
 
 
 
 
 
 
 
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No  ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
þ
 
¨
Accelerated filer
 
 
 
Non-accelerated filer
¨
(Do not check if a smaller reporting company)
¨
Smaller reporting company
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     
Yes  ¨    No  þ
As of July 28, 2016, the registrant had 21,354,073 shares of common stock, par value $0.01, outstanding.




TABLE OF CONTENTS
 

2


PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS 
 
 
June 30, 2016
 
December 31, 2015
 
 
(Unaudited, in thousands, except per share amounts)
ASSETS
CURRENT ASSETS:
 
 
 
 
Cash and cash equivalents
 
$
24,965

 
$
13,037

Contracts-in-transit and vehicle receivables, net
 
212,304

 
252,438

Accounts and notes receivable, net
 
151,655

 
157,768

Inventories, net
 
1,784,114

 
1,737,751

Prepaid expenses and other current assets
 
28,919

 
27,376

Total current assets
 
2,201,957

 
2,188,370

PROPERTY AND EQUIPMENT, net
 
1,081,232

 
1,033,981

GOODWILL
 
881,981

 
854,915

INTANGIBLE FRANCHISE RIGHTS
 
322,974

 
307,588

OTHER ASSETS
 
12,656

 
11,862

Total assets
 
$
4,500,800

 
$
4,396,716

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
 
 
 
 
Floorplan notes payable - credit facility and other
 
$
1,239,220

 
$
1,265,719

Offset account related to floorplan notes payable - credit facility
 
(35,461
)
 
(110,759
)
Floorplan notes payable - manufacturer affiliates
 
397,295

 
389,071

Offset account related to floorplan notes payable - manufacturer affiliates
 
(27,500
)
 
(25,500
)
Current maturities of long-term debt and short-term financing
 
42,993

 
54,991

Accounts payable
 
313,219

 
280,423

Accrued expenses
 
182,108

 
185,323

Total current liabilities
 
2,111,874

 
2,039,268

LONG-TERM DEBT, net of current maturities
 
1,250,940

 
1,199,534

DEFERRED INCOME TAXES
 
140,462

 
136,644

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES
 
49,438

 
31,153

OTHER LIABILITIES
 
80,534

 
71,865

STOCKHOLDERS’ EQUITY:
 
 
 
 
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding
 

 

Common stock, $0.01 par value, 50,000 shares authorized; 25,702 and 25,706 issued, respectively
 
257

 
257

Additional paid-in capital
 
284,887

 
291,092

Retained earnings
 
996,944

 
926,169

Accumulated other comprehensive loss
 
(154,404
)
 
(137,984
)
Treasury stock, at cost; 4,095 and 2,291 shares, respectively
 
(260,132
)
 
(161,282
)
Total stockholders’ equity
 
867,552

 
918,252

Total liabilities and stockholders’ equity
 
$
4,500,800

 
$
4,396,716


The accompanying notes are an integral part of these consolidated financial statements.
3


GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(Unaudited, in thousands, except per share amounts)
REVENUES:
 
 
 
 
 
 
 
 
New vehicle retail sales
 
$
1,540,759

 
$
1,534,262

 
$
2,950,609

 
$
2,866,986

Used vehicle retail sales
 
715,778

 
682,294

 
1,403,949

 
1,305,487

Used vehicle wholesale sales
 
96,279

 
101,512

 
197,871

 
201,704

Parts and service sales
 
322,073

 
303,193

 
630,665

 
585,382

Finance, insurance and other, net
 
107,560

 
105,219

 
207,710

 
199,775

Total revenues
 
2,782,449

 
2,726,480

 
5,390,804

 
5,159,334

COST OF SALES:
 
 
 
 
 
 
 
 
New vehicle retail sales
 
1,459,611

 
1,458,132

 
2,797,734

 
2,721,125

Used vehicle retail sales
 
667,513

 
636,235

 
1,306,484

 
1,213,307

Used vehicle wholesale sales
 
96,331

 
102,445

 
196,474

 
199,958

Parts and service sales
 
148,875

 
138,095

 
290,891

 
269,487

Total cost of sales
 
2,372,330

 
2,334,907

 
4,591,583

 
4,403,877

GROSS PROFIT
 
410,119

 
391,573

 
799,221

 
755,457

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
 
299,022

 
280,568

 
592,687

 
552,037

DEPRECIATION AND AMORTIZATION EXPENSE
 
12,713

 
11,946

 
25,177

 
23,630

ASSET IMPAIRMENTS
 
1,024

 
1,039

 
1,956

 
1,039

INCOME FROM OPERATIONS
 
97,360

 
98,020

 
179,401

 
178,751

OTHER EXPENSE:
 
 
 
 
 
 
 
 
Floorplan interest expense
 
(11,593
)
 
(10,015
)
 
(22,603
)
 
(19,362
)
Other interest expense, net
 
(16,705
)
 
(14,228
)
 
(33,634
)
 
(28,139
)
INCOME BEFORE INCOME TAXES
 
69,062

 
73,777

 
123,164

 
131,250

PROVISION FOR INCOME TAXES
 
(22,482
)
 
(27,467
)
 
(42,293
)
 
(49,126
)
NET INCOME
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

BASIC EARNINGS PER SHARE
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

Weighted average common shares outstanding
 
21,057

 
23,312

 
21,753

 
23,377

DILUTED EARNINGS PER SHARE
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

Weighted average common shares outstanding
 
21,070

 
23,315

 
21,762

 
23,380

CASH DIVIDENDS PER COMMON SHARE
 
$
0.23

 
$
0.20

 
$
0.45

 
$
0.40



The accompanying notes are an integral part of these consolidated financial statements.
4


GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(Unaudited, in thousands)
NET INCOME
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Other comprehensive income (loss), net of taxes:
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
 
(6,068
)
 
9,999

 
(3,913
)
 
(20,595
)
Net unrealized gain (loss) on interest rate risk management activities:
 
 
 
 
 
 
 
 
Unrealized gain (loss) arising during the period, net of tax benefit (provision) of $3,373, ($1,082), $10,058 and $2,825 respectively
 
(5,621
)
 
1,804

 
(16,763
)
 
(4,709
)
Reclassification adjustment for gain (loss) included in interest expense, net of tax provision of $1,285, $1,188, $2,553 and $2,368 respectively
 
2,141

 
1,980

 
4,256

 
3,947

Net unrealized gain (loss) on interest rate risk management activities, net of tax
 
(3,480
)
 
3,784

 
(12,507
)
 
(762
)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES
 
(9,548
)
 
13,783

 
(16,420
)
 
(21,357
)
COMPREHENSIVE INCOME
 
$
37,032

 
$
60,093

 
$
64,451

 
$
60,767



The accompanying notes are an integral part of these consolidated financial statements.
5


GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY 
 
 
Common Stock
 
Additional
Paid-in Capital
 
Retained Earnings
 
Accumulated
Other
Comprehensive Loss
 
Treasury Stock
 
 
 
 
Shares
 
Amount
 
 
 
 
 
Total
 
 
(Unaudited, in thousands)
BALANCE, December 31, 2015
 
25,706

 
$
257

 
$
291,092

 
$
926,169

 
$
(137,984
)
 
$
(161,282
)
 
$
918,252

Net income
 

 

 

 
80,871

 

 

 
80,871

Other comprehensive loss, net
 

 

 

 

 
(16,420
)
 

 
(16,420
)
Purchases of treasury stock
 

 

 

 

 

 
(115,246
)
 
(115,246
)
Net issuance of treasury shares to employee stock compensation plans
 
(4
)
 

 
(16,261
)
 

 

 
16,396

 
135

Stock-based compensation, including tax effect of $85
 

 

 
10,056

 

 

 

 
10,056

Cash dividends, net of estimated forfeitures relative to participating securities
 

 

 

 
(10,096
)
 

 

 
(10,096
)
BALANCE, June 30, 2016
 
25,702

 
$
257

 
$
284,887

 
$
996,944

 
$
(154,404
)
 
$
(260,132
)
 
$
867,552



The accompanying notes are an integral part of these consolidated financial statements.
6


GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
Six Months Ended June 30,
 
 
2016
 
2015
 
 
(Unaudited, in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
Net income
 
$
80,871

 
$
82,124

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
Depreciation and amortization
 
25,177

 
23,630

Deferred income taxes
 
7,984

 
8,100

Asset impairments
 
1,956

 
1,039

Stock-based compensation
 
10,169

 
9,453

Amortization of debt discount and issue costs
 
2,085

 
1,812

Gain on disposition of assets
 
(617
)
 
(1,507
)
Tax effect from stock-based compensation
 
85

 
(1,439
)
Other
 
499

 
2,278

Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
 
 
 
 
Accounts payable and accrued expenses
 
15,473

 
31,197

Accounts and notes receivable
 
8,564

 
1,399

Inventories
 
(22,080
)
 
(88,738
)
Contracts-in-transit and vehicle receivables
 
44,667

 
3,243

Prepaid expenses and other assets
 
15,573

 
3,427

Floorplan notes payable - manufacturer affiliates
 
(17,268
)
 
4,876

Deferred revenues
 
(271
)
 
(319
)
Net cash provided by operating activities
 
172,867

 
80,575

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
Cash paid in acquisitions, net of cash received
 
(54,739
)
 
(130,783
)
Proceeds from disposition of franchises, property and equipment
 
13,985

 
7,339

Purchases of property and equipment, including real estate
 
(70,272
)
 
(48,486
)
Other
 
3,156

 
6,294

Net cash used in investing activities
 
(107,870
)
 
(165,636
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
Borrowings on credit facility - floorplan line and other
 
3,373,126

 
3,550,526

Repayments on credit facility - floorplan line and other
 
(3,325,917
)
 
(3,466,772
)
Borrowings on credit facility - acquisition line
 
150,020

 
346,050

Repayment on credit facility - acquisition line
 
(140,020
)
 
(324,222
)
Borrowings on other debt
 
19,653

 
25,744

Principal payments on other debt
 
(22,248
)
 
(26,942
)
Borrowings on debt related to real estate, net of debt issue costs
 
30,754

 
22,430

Principal payments on debt related to real estate
 
(12,215
)
 
(14,359
)
Employee stock purchase plan purchases, net of employee tax withholdings
 
136

 
(1,113
)
Repurchases of common stock, amounts based on settlement date
 
(115,246
)
 
(33,121
)
Tax effect from stock-based compensation
 
(85
)
 
1,439

Dividends paid
 
(10,124
)
 
(9,737
)
Other
 
(3,159
)
 

Net cash provided by (used in) financing activities
 
(55,325
)
 
69,923

EFFECT OF EXCHANGE RATE CHANGES ON CASH
 
2,256

 
(1,612
)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
11,928

 
(16,750
)
CASH AND CASH EQUIVALENTS, beginning of period
 
13,037

 
40,975

CASH AND CASH EQUIVALENTS, end of period
 
$
24,965

 
$
24,225

SUPPLEMENTAL CASH FLOW INFORMATION:
 
 
 
 
Purchases of property and equipment, including real estate, accrued in accounts payable
 
$
21,241

 
$
5,731


The accompanying notes are an integral part of these consolidated financial statements.
7

GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1. INTERIM FINANCIAL INFORMATION
Business and Organization
Group 1 Automotive, Inc., a Delaware corporation, is a leading operator in the automotive retailing industry with business activities in 14 states in the United States of America ("U.S."), 19 towns in the United Kingdom ("U.K.") and four states in Brazil. Group 1 Automotive, Inc. and its subsidiaries are collectively referred to as the "Company" in these Notes to Consolidated Financial Statements.
The Company, through its regions, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. As of June 30, 2016, the Company’s U.S. retail network consisted of the following two regions (with the number of dealerships they comprised): (a) the East (37 dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, and South Carolina), and (b) the West (77 dealerships in California, Kansas, Louisiana, Oklahoma, and Texas). The U.S. regional vice presidents report directly to the Company's Chief Executive Officer and are responsible for the overall performance of their regions, as well as for overseeing the market directors and dealership general managers that report to them. In addition, as of June 30, 2016, the Company had two international regions: (a) the U.K. region, which consisted of 29 dealerships in the U.K. and (b) the Brazil region, which consisted of 18 dealerships in Brazil. The operations of the Company's international regions are structured similarly to the U.S. regions, each with a regional vice president reporting directly to the Company's Chief Executive Officer.
The Company's operating results are generally subject to seasonal variations, as well as changes in the economic environment. This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some markets within the U.S., vehicle purchases decline during the winter months due to inclement weather. As a result, U.S. revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. For the U.K., the first and third calendar quarters tend to be stronger, driven by plate change months of March and September. For Brazil, the Company expects higher volumes in the third and fourth calendar quarters. The first quarter is generally the weakest, driven by heavy consumer vacations and activities associated with Carnival. Other factors unrelated to seasonality, such as changes in economic condition, manufacturer incentive programs, or shifts in governmental taxes or regulations may exaggerate seasonal or cause counter-seasonal fluctuations in the Company's revenues and operating income.
Basis of Presentation
The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal and recurring nature considered necessary for a fair presentation have been included in the accompanying unaudited condensed Consolidated Financial Statements. Due to seasonality and other factors, the results of operations for the interim period are not necessarily indicative of the results that will be realized for any other interim period or for the entire fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Form 10-K”).
All business acquisitions completed during the periods presented have been accounted for using the purchase method of accounting, and their results of operations are included from the effective dates of the closings of the acquisitions. The allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on estimates of fair value and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). All intercompany balances and transactions have been eliminated in consolidation.
Business Segment Information
The Company, through its regions, conducts business in the automotive retailing industry including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has three reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments 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. See Note 14, "Segment Information," for additional details regarding the Company's reportable segments.

8

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Variable Interest Entity
In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services for a variable fee, both of which constitute variable interests in the entity. The Company's exposure to loss as a result of its involvement in the entity includes the balance outstanding under the loan arrangement. The Company holds an 8% equity ownership interest in the entity. The Company has determined that the entity meets the criteria of a variable interest entity ("VIE"). The terms of the loan and services agreements provide the Company with the right to control the activities of the VIE that most significantly impact the VIE's economic performance, the obligation to absorb potentially significant losses of the VIE and the right to receive potentially significant benefits from the VIE. Accordingly, the Company qualified as the VIE's primary beneficiary and consolidated the assets and liabilities of the VIE as of June 30, 2016 and December 31, 2015, as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to June 30, 2016. The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of June 30, 2016 and December 31, 2015, are as follows (in thousands):
 
 
June 30, 2016
 
December 31, 2015
Current assets
 
$
12,721

 
$
12,849

Non-current assets
 
13,489

 
11,022

Total assets
 
$
26,210

 
$
23,871

Current liabilities
 
$
9,783

 
$
8,257

Non-current liabilities
 
20,935

 
17,064

Total liabilities
 
$
30,718

 
$
25,321

Recently Adopted Accounting Pronouncements
In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of $14.1 million, which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation.
In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU were to be applied retrospectively and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of $0.5 million and $3.6 million, which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation.
In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments. The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU were to be applied prospectively to adjustments to provisional amounts that occur after the effective date and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements.

9

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Recent Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements.
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments in this ASU relate to the accounting of leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. The amendment addresses several aspects of the accounting for share-based payment award transactions, including: income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. The amendment replaces the current incurred loss impairment methodology of recognizing credit losses when a loss is probable, with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to assess credit loss estimates. The standard will be effective for fiscal years beginning after December 15, 2019, with early adoption permitted for periods after December 15, 2018. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.     
2. ACQUISITIONS AND DISPOSITIONS
During the six months ended June 30, 2016, the Company acquired 12 U.K. dealerships, inclusive of 17 franchises. The Company also acquired one dealership and opened two dealerships in Brazil for two acquired and two previously awarded franchises. Aggregate consideration paid for these dealerships totaled $60.4 million, including the associated real estate and goodwill. Also, included in the consideration paid was $3.9 million of cash received in the acquisition of the dealerships and a payable to sellers as of June 30, 2016 of $1.8 million. The purchase price has been allocated based upon the consideration paid and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The allocation of the purchase price is preliminary and based on estimates and assumptions that are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). In addition, during the six months ended June 30, 2016, the Company disposed of two U.S. dealerships and four dealerships in Brazil. As a result of these U.S. and Brazil dealership dispositions, a net pretax gain of $0.7 million and a net pretax loss of $1.4 million, respectively, were recognized for the six months ended June 30, 2016.
During the six months ended June 30, 2015, the Company acquired two U.S. dealerships, sold one U.S. dealership and terminated one U.S. dealership franchise. The Company also terminated two franchises in Brazil. As a result of these dispositions, a net pretax gain of $0.7 million, including related asset impairments, was recognized for the three and six months ended June 30, 2015.

10

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

3. DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES
The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, “Credit Facilities”) and certain variable-rate real estate related borrowings in the U.S. are indexed to the one-month London Inter Bank Offered Rate (“LIBOR”), plus an associated company credit risk rate. In order to minimize the earnings variability related to fluctuations in these rates, the Company employs an interest rate hedging strategy, whereby it enters into arrangements with various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure for a fixed interest rate over terms not to exceed the related variable-rate debt.
The Company presents the fair value of all derivatives on its Consolidated Balance Sheets. The Company measures the fair value of its interest rate derivative instruments utilizing an income approach valuation technique, converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes the option-pricing Black-Scholes present value technique for all of its derivative instruments. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service provider, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments and contract maturity. The fair value estimate of the interest rate derivative instruments also considers the credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. The credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year rate according to Standard and Poor’s. The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from independent sources, which is readily observable or can be corroborated by observable market data for substantially the full term of the derivative instrument. Further, the valuation measurement inputs minimize the use of unobservable inputs. Accordingly, the Company has classified the derivatives within Level 2 of the hierarchy framework as described by Accounting Standards Codification ("ASC") 820, Fair Value Measurement.
The related gains or losses on these interest rate derivatives are deferred in stockholders’ equity as a component of accumulated other comprehensive loss. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in other income or expense. Monthly contractual settlements of these swap positions are recognized as floorplan or other interest expense in the Company’s accompanying Consolidated Statements of Operations. All of the Company’s interest rate hedges are designated as cash flow hedges. At June 30, 2016, all of the Company’s derivative contracts that were in effect were determined to be effective. The Company had no gains or losses related to ineffectiveness or amounts excluded from effectiveness testing recognized in the Consolidated Statements of Operations for either the three or six months ended June 30, 2016 or 2015, respectively.
The Company held interest rate swaps in effect as of June 30, 2016 of $616.7 million in notional value that fixed its underlying one-month LIBOR at a weighted average rate of 2.6%. The Company records the majority of the impact of the periodic settlements of these swaps as a component of floorplan interest expense. For the three and six months ended June 30, 2016, the impact of the Company’s interest rate hedges in effect increased floorplan interest expense by $2.9 million and $5.6 million, respectively. For the three and six months ended June 30, 2015, the impact of the Company's interest rate hedges in effect increased floorplan interest expense by $2.8 million and $5.5 million, respectively. Total floorplan interest expense was $11.6 million and $10.0 million for the three months ended June 30, 2016 and 2015, respectively, and $22.6 million and $19.4 million for the six months ended June 30, 2016 and 2015, respectively.
In addition to the $616.7 million of swaps in effect as of June 30, 2016, the Company held 17 additional interest rate swaps with forward start dates between December 2016 and January 2019 and expiration dates between December 2019 and December 2021. The aggregate notional value of these 17 forward-starting swaps was $850.0 million, and the weighted average interest rate was 2.3%. The combination of the interest rate swaps currently in effect and these forward-starting swaps is structured such that the notional value in effect through March 2023 does not exceed $908.6 million, which is less than the Company's expectation for variable rate debt outstanding during such period.
As of June 30, 2016 and December 31, 2015, the Company reflected liabilities from interest rate risk management activities of $51.1 million and $31.2 million, respectively, in its Consolidated Balance Sheets. Included in Accumulated Other Comprehensive Loss at June 30, 2016 and 2015 were accumulated unrealized losses, net of income taxes, totaling $32.0 million and $18.7 million, respectively, related to these interest rate swaps.

11

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

The following table presents the impact during the current and comparative prior year periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.
 
 
Amount of Unrealized Loss, Net of Tax, Recognized in Other Comprehensive Income (Loss)

 
 
Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationship
 
2016
 
2015
 
 
(In thousands)
Interest rate swap contracts
 
$
(16,763
)
 
$
(4,709
)
 
 
 
 
 
 
 
Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations

Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations
 
Six Months Ended June 30,
 
2016
 
2015
 
 
(In thousands)
Floorplan interest expense
 
$
(5,623
)
 
$
(5,470
)
Other interest expense
 
(1,186
)
 
(845
)
The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is $13.8 million.
4. STOCK-BASED COMPENSATION PLANS
The Company provides stock-based compensation benefits to employees and non-employee directors pursuant to its 2014 Long Term Incentive Plan (the "Incentive Plan"), as well as to employees pursuant to its Employee Stock Purchase Plan, as amended (the "Purchase Plan", formerly named the 1998 Employee Stock Purchase Plan).
Long Term Incentive Plan
The Incentive Plan provides for the grant of options (including options qualified as incentive stock options under the Internal Revenue Code of 1986 and options that are non-qualified), restricted stock, performance awards, bonus stock, and phantom stock to the Company's employees, consultants, non-employee directors and officers. The Incentive Plan expires on May 21, 2024. The terms of the awards (including vesting schedules) are established by the Compensation Committee of the Company’s Board of Directors. As of June 30, 2016, there were 1,241,041 shares available for issuance under the Incentive Plan.
Restricted Stock Awards
Under the Incentive Plan, the Company grants to non-employee directors and certain employees restricted stock awards or, at their election, restricted stock units at no cost to the recipient. Restricted stock awards qualify as participating securities as each award contains non-forfeitable rights to dividends. As such, the two-class method is required for the computation of earnings per share. See Note 5, “Earnings Per Share,” for further details. Restricted stock awards are considered outstanding at the date of grant but are subject to vesting periods upon issuance up to five years. Restricted stock units are considered vested at the time of issuance, however, since they cannot vote, they are not considered outstanding when issued. Restricted stock units settle in cash upon the termination of the grantees’ employment or directorship. In the event an employee or non-employee director terminates his or her employment or directorship with the Company prior to the lapse of the restrictions, the shares, in most cases, will be forfeited to the Company. The Company issues new shares or treasury shares, if available, when restricted stock vests. Compensation expense for restricted stock awards is calculated based on the market price of the Company’s common stock at the date of grant and recognized over the requisite service period. Forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period. This estimate is adjusted annually based on the extent to which actual or expected forfeitures differ from the previous estimate.

12

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

A summary of the restricted stock awards as of June 30, 2016, along with the changes during the six months then ended, is as follows:
 
 
Awards
 
Weighted Average
Grant Date
Fair Value
Nonvested at December 31, 2015
 
893,360

 
$
69.16

Granted
 
224,520

 
53.82

Vested
 
(215,980
)
 
57.59

Forfeited
 
(12,360
)
 
75.66

Nonvested at June 30, 2016
 
889,540

 
$
68.03

Employee Stock Purchase Plan
The Purchase Plan authorizes the issuance of up to 4.5 million shares of common stock and provides that no options to purchase shares may be granted under the Purchase Plan after May 19, 2025. The Purchase Plan is available to all employees of the Company and its participating subsidiaries and is a qualified plan as defined by Section 423 of the Internal Revenue Code. At the end of each fiscal quarter (the “Option Period”) during the term of the Purchase Plan, employees can acquire shares of common stock from the Company at 85% of the fair market value of the common stock on the first or the last day of the Option Period, whichever is lower. As of June 30, 2016, there were 1,329,013 shares available for issuance under the Purchase Plan. During the six months ended June 30, 2016 and 2015, the Company issued 44,806 and 51,748 shares, respectively, of common stock to employees participating in the Purchase Plan. With respect to shares issued under the Purchase Plan, the Company's Board of Directors has authorized specific share repurchases to fund the shares issuable under the Purchase Plan.
The weighted average fair value of employee stock purchase rights issued pursuant to the Purchase Plan was $14.11 and $18.12 during the six months ended June 30, 2016 and 2015, respectively. The fair value of stock purchase rights is calculated using the grant date stock price, the value of the embedded call option and the value of the embedded put option.
Stock-Based Compensation
Total stock-based compensation cost was $4.7 million and $4.6 million for the three months ended June 30, 2016 and 2015, respectively, and $10.2 million and $9.5 million for the six months ended June 30, 2016 and 2015, respectively. Cash received from Purchase Plan purchases was $3.9 million and $3.8 million for the six months ended June 30, 2016 and 2015, respectively. The effect of tax deductions for restricted stock vested was less than the associated book expense previously recognized, which reduced additional paid-in capital by $0.1 million for the six months ended June 30, 2016. Comparatively, the tax benefit realized for the tax deductions from vesting of restricted shares totaled $1.4 million and increased additional paid in capital for the six months ended June 30, 2015.
5. EARNINGS PER SHARE
The two-class method is utilized for the computation of the Company's earnings per share (“EPS”). The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, including the Company’s restricted stock awards. Income allocated to these participating securities is excluded from net earnings available to common shares, as shown in the table below. Basic EPS is computed by dividing net income available to basic common shares by the weighted average number of basic common shares outstanding during the period. Diluted EPS is computed by dividing net income available to diluted common shares by the weighted average number of dilutive common shares outstanding during the period.

13

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

The following table sets forth the calculation of EPS for the three and six months ended June 30, 2016 and 2015.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
21,057

 
23,312

 
21,753

 
23,377

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
13

 
3

 
9

 
3

Weighted average dilutive common shares outstanding
 
21,070

 
23,315

 
21,762

 
23,380

Basic:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,885

 
1,792

 
3,224

 
3,176

 Earnings available to basic common shares
 
$
44,695

 
$
44,518

 
$
77,647

 
$
78,948

 Basic earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

Diluted:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,884

 
1,792

 
3,223

 
3,176

 Earnings available to diluted common shares
 
$
44,696

 
$
44,518

 
$
77,648

 
$
78,948

 Diluted earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

6. INCOME TAXES
The Company is subject to U.S. federal income taxes and income taxes in numerous U.S. states. In addition, the Company is subject to income tax in the U.K. and Brazil relative to its foreign subsidiaries. The Company's effective income tax rate of 32.6% and 34.3% of pretax income for the three and six months ended June 30, 2016, respectively, was less than the U.S. federal statutory rate of 35.0% due primarily to the mix of pretax income between our U.S and foreign jurisdictions in which the Company operates and the tax impact of a dealership disposition in Brazil, partially offset by taxes provided for in U.S. state jurisdictions and valuation allowances provided for net operating losses and other deferred tax assets in certain U.S states and in Brazil.
For the three and six months ended June 30, 2016, the Company's effective tax rate decreased to 32.6% and 34.3%, respectively, as compared to 37.2% and 37.4% for the same periods in 2015. This decrease was primarily due to the mix effect resulting from proportionately more pretax income generated in the Company's U.K. region, as well as changes to valuation allowances provided for net operating losses and other deferred tax assets in certain U.S. states and in Brazil, in addition to the tax impact of a dealership disposition in Brazil during the period ended June 30, 2016.
As of June 30, 2016 and December 31, 2015, the Company had no unrecognized tax benefits with respect to uncertain tax positions and did not incur any interest and penalties nor did it accrue any interest for the six months ended June 30, 2016. When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense.
Taxable years 2011 and subsequent remain open for examination by the Company’s major taxing jurisdictions.

14

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

7. DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS
Accounts and notes receivable consisted of the following: 
 
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(In thousands)
Amounts due from manufacturers
 
$
87,125

 
$
93,206

Parts and service receivables
 
33,651

 
32,479

Finance and insurance receivables
 
21,381

 
22,374

Other
 
12,039

 
12,913

Total accounts and notes receivable
 
154,196

 
160,972

Less allowance for doubtful accounts
 
2,541

 
3,204

Accounts and notes receivable, net
 
$
151,655

 
$
157,768

Inventories consisted of the following: 
 
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(In thousands)
New vehicles
 
$
1,258,485

 
$
1,262,797

Used vehicles
 
316,070

 
275,508

Rental vehicles
 
142,626

 
134,509

Parts, accessories and other
 
74,964

 
72,917

Total inventories
 
1,792,145

 
1,745,731

Less lower of cost or market reserves
 
8,031

 
7,980

Inventories, net
 
$
1,784,114

 
$
1,737,751

New and used vehicles are valued at the lower of specific cost or market and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost (determined on either a first-in, first-out or an average cost basis) or market.
Property and equipment consisted of the following:
 
 
Estimated Useful Lives in Years
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(dollars in thousands)
Land
 
 
$
378,715

 
$
364,475

Buildings
 
30 to 50
 
525,097

 
505,414

Leasehold improvements
 
varies
 
160,866

 
155,585

Machinery and equipment
 
7 to 20
 
96,562

 
90,993

Furniture and fixtures
 
3 to 10
 
86,882

 
82,688

Company vehicles
 
3 to 5
 
11,789

 
11,603

Construction in progress
 
 
72,906

 
58,361

Total
 
 
 
1,332,817

 
1,269,119

Less accumulated depreciation
 
 
 
251,585

 
235,138

Property and equipment, net
 
 
 
$
1,081,232

 
$
1,033,981

During the six months ended June 30, 2016, the Company incurred $50.9 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the

15

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Company’s dealerships and facilities, excluding $32.7 million of capital expenditures accrued as of December 31, 2015. As of June 30, 2016, the Company had accrued $21.2 million of capital expenditures. In addition, the Company purchased real estate (including land and buildings) during the six months ended June 30, 2016 associated with existing dealership operations totaling $7.9 million. And, in conjunction with the acquisition of dealerships and franchises in the six months ended June 30, 2016, the Company acquired $28.8 million of real estate and other property and equipment.
As of December 31, 2015, the Company determined that certain real estate investments qualified for held-for-sale treatment. As a result, the Company classified the carrying value after adjustment to estimated fair market value of the real estate, totaling $1.4 million, in prepaid and other current assets in its Consolidated Balance Sheets.
8. CREDIT FACILITIES
In the U.S., the Company has a $1.8 billion revolving syndicated credit arrangement that matures on June 17, 2021 and is comprised of 24 financial institutions, including six manufacturer-affiliated finance companies (“Revolving Credit Facility”). The Company also has a $300.0 million floorplan financing arrangement (“FMCC Facility”) with Ford Motor Credit Company (“FMCC”) for financing of new Ford vehicles in the U.S. and other floorplan financing arrangements with several other automobile manufacturers for financing of a portion of its U.S. rental vehicle inventory. In the U.K., the Company has financing arrangements with BMW Financial Services, Volkswagen Finance and FMCC for financing of its new and used vehicles. In Brazil, the Company has financing arrangements for new, used, and rental vehicles with several financial institutions, most of which are manufacturer affiliated. Within the Company's Consolidated Balance Sheets, Floorplan notes payable - credit facility and other primarily reflects amounts payable for the purchase of specific new, used and rental vehicle inventory (with the exception of new and rental vehicle purchases financed through lenders affiliated with the respective manufacturer) whereby financing is provided by the Revolving Credit Facility. Floorplan notes payable - manufacturer affiliates reflects amounts related to the purchase of vehicles whereby financing is provided by the FMCC Facility, the financing of a portion of the Company's rental vehicles in the U.S., as well as the financing of new, used, and rental vehicles in both the U.K. and Brazil. Payments on the floorplan notes payable are generally due as the vehicles are sold. As a result, these obligations are reflected in the accompanying Consolidated Balance Sheets as current liabilities.
Revolving Credit Facility
On June 17, 2016, the Company amended its Revolving Credit Facility principally to increase the total borrowing capacity from $1.7 billion to $1.8 billion and to extend the term from an expiration date of June 20, 2018 to June 17, 2021. The Revolving Credit Facility consists of two tranches, providing a maximum of $1.75 billion for U.S. vehicle inventory floorplan financing (“Floorplan Line”), as well as a maximum of $360.0 million and a minimum of $50.0 million for working capital and general corporate purposes, including acquisitions (“Acquisition Line”). The capacity under these two tranches can be re-designated within the overall $1.8 billion commitment, subject to the aforementioned limits. Up to $125.0 million of the Acquisition Line can be borrowed in either euros or British pound sterling. The Revolving Credit Facility can be expanded to a maximum commitment of $2.1 billion, subject to participating lender approval. The Floorplan Line bears interest at rates equal to the LIBOR plus 125 basis points for new vehicle inventory and the LIBOR plus 150 basis points for used vehicle inventory. The Acquisition Line bears interest at the LIBOR plus 150 basis points plus a margin that ranges from zero to 100 basis points, depending on the Company's total adjusted leverage ratio, for borrowings in U.S. dollars and a LIBOR equivalent plus 125 to 250 basis points, depending on the Company's total adjusted leverage ratio, on borrowings in euros or British pound sterling. The Floorplan Line requires a commitment fee of 0.15% per annum on the unused portion. Amounts borrowed by the Company under the Floorplan Line for specific vehicle inventory are to be repaid upon the sale of the vehicle financed, and in no case is a borrowing for a vehicle to remain outstanding for greater than one year. The Acquisition Line also requires a commitment fee ranging from 0.20% to 0.45% per annum, depending on the Company’s total adjusted leverage ratio, based on a minimum commitment of $50.0 million less outstanding borrowings. In conjunction with the Revolving Credit Facility, the Company has $5.9 million of related unamortized costs as of June 30, 2016, which are included in Prepaid expenses and other current assets and Other Assets on the accompanying Consolidated Balance Sheets and amortized over the term of the facility.
After considering the outstanding balance of $1,198.1 million at June 30, 2016, the Company had $241.9 million of available floorplan borrowing capacity under the Floorplan Line. Included in the $241.9 million available borrowings under the Floorplan Line was $35.5 million of immediately available funds. The weighted average interest rate on the Floorplan Line was 1.7% as of June 30, 2016 and December 31, 2015, excluding the impact of the Company’s interest rate swaps. With regards to the Acquisition Line, borrowings outstanding as of June 30, 2016 and December 31, 2015 were $10.0 million and zero, respectively. After considering $37.1 million of outstanding letters of credit and other factors included in the Company’s available borrowing base calculation, there was $252.3 million of available borrowing capacity under the Acquisition Line as of June 30, 2016. The amount of available borrowing capacity under the Acquisition Line is limited from time to time based upon certain debt covenants.

16

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

All of the U.S. dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility. The Company’s obligations under the Revolving Credit Facility are secured by essentially all of the Company's U.S. personal property (other than equity interests in dealership-owning subsidiaries), including all motor vehicle inventory and proceeds from the disposition of dealership-owning subsidiaries, excluding inventory financed directly with manufacturer-affiliates and other third-party financing institutions. The Revolving Credit Facility contains a number of significant covenants that, among other things, restrict the Company’s ability to make disbursements outside of the ordinary course of business, dispose of assets, incur additional indebtedness, create liens on assets, make investments and engage in mergers or consolidations. The Company is also required to comply with specified financial tests and ratios defined in the Revolving Credit Facility, such as the fixed charge coverage and total adjusted leverage ratios. Further, the Revolving Credit Facility restricts the Company’s ability to make certain payments, such as dividends or other distributions of assets, properties, cash, rights, obligations or securities (“Restricted Payments”). The Restricted Payments cannot exceed the sum of $208.5 million plus (or minus if negative) (a) one-half of the aggregate consolidated net income for the period beginning on April 1, 2014 and ending on the date of determination and (b) the amount of net cash proceeds received from the sale of capital stock after June 2, 2014 and ending on the date of determination less (c) cash dividends and share repurchases after June 2, 2014 (“Credit Facility Restricted Payment Basket”). For purposes of the calculation of the Credit Facility Restricted Payment Basket, net income represents such amounts per the consolidated financial statements adjusted to exclude the Company’s foreign operations, non-cash interest expense, non-cash asset impairment charges, and non-cash stock-based compensation. As of June 30, 2016, the Credit Facility Restricted Payment Basket totaled $108.8 million. As of June 30, 2016, the Company was in compliance with all applicable covenants and ratios under the Revolving Credit Facility.
Ford Motor Credit Company Facility
The FMCC Facility provides for the financing of, and is collateralized by, the Company’s Ford new vehicle inventory in the U.S., including affiliated brands. This arrangement provides for $300.0 million of floorplan financing and is an evergreen arrangement that may be canceled with 30 days' notice by either party. As of June 30, 2016, the Company had an outstanding balance of $159.0 million under the FMCC Facility with an available floorplan borrowing capacity of $141.0 million. Included in the $141.0 million available borrowings under the FMCC Facility was $27.5 million of immediately available funds. This facility bears interest at a rate of Prime plus 150 basis points minus certain incentives. The interest rate on the FMCC Facility was 5.00% before considering the applicable incentives as of June 30, 2016.
Other Credit Facilities
The Company has credit facilities with BMW Financial Services, Volkswagen Finance and FMCC for the financing of new, used and rental vehicle inventories related to its U.K. operations. These facilities are denominated in British pound sterling and are evergreen arrangements that may be canceled with notice by either party and bear interest at a base rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities range from 1.73% to 3.95%. As of June 30, 2016, borrowings outstanding under these facilities totaled $83.8 million.
The Company has credit facilities with financial institutions in Brazil, most of which are affiliated with the manufacturers, for the financing of new, used and rental vehicle inventories related to its Brazil operations. These facilities are denominated in Brazilian real and have renewal terms ranging from one month to twelve months. They may be canceled with notice by either party and bear interest at a benchmark rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities, after the grace period of zero to 90 days, range from 16.77% to 24.45%. As of June 30, 2016, borrowings outstanding under these facilities totaled $16.7 million.
Excluding rental vehicles financed through the Revolving Credit Facility, financing for U.S. rental vehicles is typically obtained directly from the automobile manufacturers. These financing arrangements generally require small monthly payments and mature in varying amounts over a period of two years. The interest rate charged on borrowings related to the Company’s rental vehicle fleet varies up to 5.00%. Rental vehicles are typically transferred to used vehicle inventory when they are removed from service and repayment of the borrowing is required at that time. As of June 30, 2016, borrowings outstanding under these facilities totaled $116.0 million.

17

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

9. LONG-TERM DEBT
The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following:
 
 
June 30, 2016
 
December 31, 2015
 
 
(dollars in thousands)
5.00% Senior Notes (aggregate principal of $550,000 at June 30, 2016 and December 31, 2015)
 
$
539,690

 
$
538,933

5.25% Senior Notes (aggregate principal of $300,000 at June 30, 2016 and December 31, 2015)
 
295,320

 
295,156

Acquisition Line
 
10,000

 

Real Estate Related and Other Long-Term Debt
 
389,593

 
365,564

Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8%
 
49,727

 
51,902

 
 
1,284,330

 
1,251,555

Less current maturities of other long-term debt
 
33,390

 
52,021

 
 
$
1,250,940

 
$
1,199,534

Included in current maturities of long-term debt and short-term financing in the Company's Consolidated Balance Sheets as of June 30, 2016, and December 31, 2015, was $9.6 million and $3.0 million, respectively, of short-term financing that was due within one year.
5.00% Senior Notes
On June 2, 2014, the Company issued $350.0 million aggregate principal amount of its 5.00% Senior Notes due 2022("5.00% Notes"). Subsequently, on September 9, 2014, the Company issued an additional $200.0 million of 5.00% Notes at a discount of 1.5% from face value. The 5.00% Notes will mature on June 1, 2022 and pay interest semiannually, in arrears, in cash on each June 1 and December 1, beginning December 1, 2014. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.00% Notes prior to June 1, 2017, subject to certain conditions, at a redemption price equal to 105% of principal amount of the 5.00% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.00% Notes prior to June 1, 2017 at a redemption price equal to 100% of the principal amount of the 5.00% Notes redeemed, plus an applicable premium, and plus accrued and unpaid interest. On or after June 1, 2017, the Company may redeem some or all of the 5.00% Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the 5.00% Notes if it sells certain assets or triggers the change in control provisions defined in the 5.00% Notes indenture. The 5.00% Notes are senior unsecured obligations and rank equal in right of payment to all of the Company's existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The 5.00% Notes are guaranteed by substantially all of the Company's U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company's U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.00% Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.00% Notes is the same as under the Credit Facility Restricted Payment Basket. The 5.00% Notes were registered with the Securities and Exchange Commission in June 2015.
The underwriters' fees, discount and capitalized debt issuance costs relative to the 5.00% Notes totaled $13.1 million. These amounts are included as a direct reduction of the 5.00% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years in conjunction with the term of the 5.00% Notes. The 5.00% Notes are presented net of unamortized underwriters' fees, discount and debt issuance costs of $10.3 million as of June 30, 2016.
5.25% Senior Notes
On December 8, 2015, the Company issued 5.25% senior unsecured notes with a face amount of $300.0 million due to mature on December 15, 2023 (“5.25% Notes”). The 5.25% Notes pay interest semiannually, in arrears, in cash on each June 15 and December 15, beginning June 15, 2016. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.25% Notes prior to December 15, 2018, subject to certain conditions, at a redemption price equal to 105.25% of principal amount of the 5.25% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.25% Notes prior to December 15, 2018 at a redemption price equal to 100% of the principal amount of the 5.25% Notes redeemed, plus an applicable make-whole premium, and plus accrued and unpaid interest. On or after December 15, 2018, the Company may redeem some or all of the 5.25% Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the 5.25% Notes if it sells certain assets or triggers the change in control provisions defined in the 5.25% Notes indenture. The 5.25% Notes are senior unsecured obligations and rank equal in right of

18

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

payment to all of the Company’s existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The 5.25% Notes are guaranteed by substantially all of the Company’s U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company’s U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.25% Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.25% Notes is the same as under the Credit Facility Restricted Payment Basket.
The underwriters' fees and capitalized debt issuance costs relative to the 5.25% Notes totaled $5.0 million. These amounts are included as a direct reduction of the 5.25% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years in conjunction with the term of the 5.25% Notes. The 5.25% Notes are presented net of unamortized underwriters' fees and debt issuance costs of $4.7 million as of June 30, 2016.
Acquisition Line
See Note 8, "Credit Facilities," for further discussion on the Company's Revolving Credit Facility and Acquisition Line.
Real Estate Related and Other Long-Term Debt
The Company, as well as certain of its wholly-owned subsidiaries, has entered into separate term mortgage loans in the U.S. with three of its manufacturer-affiliated finance partners, Toyota Motor Credit Corporation (“TMCC”), BMW Financial Services NA, LLC (“BMWFS”) and FMCC, as well as several third-party financial institutions (collectively, “Real Estate Notes”). The Real Estate Notes may be expanded for borrowings related to specific buildings and/or properties and are guaranteed by the Company. Each loan was made in connection with, and is secured by mortgage liens on, the real property owned by the Company that is mortgaged under the Real Estate Notes. The Real Estate Notes bear interest at fixed rates between 3.00% and 4.69%, and at variable indexed rates plus a spread between 1.50% and 2.50% per annum. The Company capitalized $2.7 million of related debt issuance costs related to the Real Estate Notes which are included as a direct reduction to the Real Estate Notes on the accompanying Consolidated Balance Sheets and are being amortized over the terms of the notes, $0.7 million of which remained unamortized as of June 30, 2016.
The Real Estate Notes consist of 54 term loans for an aggregate principal amount of $351.1 million. As of June 30, 2016, borrowings outstanding under these notes totaled $318.8 million, with $23.6 million classified as a current maturity of long-term debt. For the six months ended June 30, 2016, the Company made additional net borrowings and principal payments of $30.3 million and $7.7 million, respectively. The agreements provide for monthly payments based on 15 or 20-year amortization schedules and mature between May 2017 and December 2024. These Real Estate Notes are cross-collateralized and cross-defaulted with each other.
The Company has entered into 13 separate term mortgage loans in the U.K. with other third-party financial institutions which are secured by the Company’s U.K. properties. These mortgage loans (collectively, “U.K. Notes”) are denominated in British pound sterling and are being repaid in monthly installments that will mature by September 2034. As of June 30, 2016, borrowings under the U.K. Notes totaled $57.1 million, with $4.7 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the six months ended June 30, 2016, the Company assumed $8.3 million of term mortgage loans in conjunction with U.K. dealership acquisitions, made no additional borrowings and made principal payments of $2.4 million associated with the U.K. Notes.
The Company has a separate term mortgage loan in Brazil with a third-party financial institution (the "Brazil Note"). The Brazil Note is denominated in Brazilian real and is secured by one of the Company’s Brazilian properties, as well as a guarantee from the Company. The Brazil Note is being repaid in monthly installments that will mature by April 2025. As of June 30, 2016, borrowings under the Brazil Note totaled $4.1 million, with $0.4 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the six months ended June 30, 2016, the Company made no additional borrowings and made principal payments of $0.1 million associated with the Brazil Note.
The Company also has working capital loan agreements with third-party financial institutions in Brazil. The principal balance on these loans is due by February 2017 with interest only payments being made until the due date. As of June 30, 2016, borrowings under the Brazilian third-party loans totaled $6.8 million. For the six months ended June 30, 2016, the Company made no additional borrowings.
Fair Value of Long-Term Debt
The Company's outstanding 5.00% Notes had a fair value of $543.1 million and $545.9 million as of June 30, 2016 and December 31, 2015, respectively. The Company's outstanding 5.25% Notes had a fair value of $296.3 million and $297.8 million as of June 30, 2016 and December 31, 2015, respectively. The Company's fixed interest rate borrowings included in real estate related and other long-term debt totaled $97.3 million and $100.7 million as of June 30, 2016 and December 31, 2015, respectively. The fair value of such fixed interest rate borrowings was $98.5 million and $102.4 million as of June 30, 2016 and

19

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

December 31, 2015, respectively. The fair value estimates are based on Level 2 inputs of the fair value hierarchy available as of June 30, 2016 and December 31, 2015. The Company determined the estimated fair value of its long-term debt using available market information and commonly accepted valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, these estimates are not necessarily indicative of the amounts that the Company, or holders of the instruments, could realize in a current market exchange. The use of different assumptions and/or estimation methodologies could have a material effect on estimated fair values. The carrying value of the Company’s variable rate debt approximates fair value due to the short-term nature of the interest rates.
10. FAIR VALUE MEASUREMENTS
ASC 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date; and establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date:
Level 1 — unadjusted, quoted prices for identical assets or liabilities in active markets;
Level 2 — quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation; and
Level 3 — unobservable inputs based upon the reporting entity’s internally developed assumptions that market participants would use in pricing the asset or liability.
The Company’s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, investments in debt and equity securities, accounts payable, credit facilities, long-term debt and interest rate swaps. The fair values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence of variable interest rates. The Company evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC 820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria.
The Company periodically invests in unsecured, corporate demand obligations with manufacturer-affiliated finance companies, which bear interest at a variable rate and are redeemable on demand by the Company. Therefore, the Company has classified these demand obligations as cash and cash equivalents in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.
In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.
The Company's derivative financial instruments are recorded at fair market value. See Note 3, "Derivative Instruments and Risk Management Activities" for further details regarding the Company's derivative financial instruments. See Note 9, "Long-term Debt" for details regarding the fair value of the Company's long-term debt.

20

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Assets and liabilities recorded at fair value in the accompanying balance sheets as of June 30, 2016 and December 31, 2015, respectively, were as follows:
 
 
As of June 30, 2016
 
 
Level 2
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
Investments
 
$
2,765

 
$
2,765

Demand obligations
 
$
132

 
$
132

Total
 
$
2,897

 
$
2,897

Liabilities:
 
 
 
 
Interest rate derivative financial instruments
 
$
51,134

 
$
51,134

Total
 
$
51,134

 
$
51,134

 
 
As of December 31, 2015
 
 
Level 2
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
Investments
 
$
4,235

 
$
4,235

Demand obligations
 
$
131

 
$
131

Interest rate derivative financial instruments
 
$
31

 
$
31

Total
 
$
4,397

 
$
4,397

Liabilities:
 
 
 
 
Interest rate derivative financial instruments
 
$
31,153

 
$
31,153

Total
 
$
31,153

 
$
31,153

11. COMMITMENTS AND CONTINGENCIES
From time to time, the Company’s dealerships are named in various types of litigation involving customer claims, employment matters, class action claims, purported class action claims, as well as claims involving the manufacturer of automobiles, contractual disputes and other matters arising in the ordinary course of business. Due to the nature of the automotive retailing business, the Company may be involved in legal proceedings or suffer losses that could have a material adverse effect on the Company’s business. In the normal course of business, the Company is required to respond to customer, employee and other third-party complaints. Amounts that have been accrued or paid related to the settlement of litigation are included in selling, general and administrative expenses in the Company’s Consolidated Statements of Operations. In addition, the manufacturers of the vehicles that the Company sells and services have audit rights allowing them to review the validity of amounts claimed for incentive, rebate or warranty-related items and charge the Company back for amounts determined to be invalid payments under the manufacturers’ programs, subject to the Company’s right to appeal any such decision. Amounts that have been accrued or paid related to the settlement of manufacturer chargebacks of recognized incentives and rebates are included in cost of sales in the Company’s Consolidated Statements of Operations, while such amounts for manufacturer chargebacks of recognized warranty-related items are included as a reduction of revenues in the Company’s Consolidated Statements of Operations.
Legal Proceedings
Currently, the Company is not party to any legal proceedings that, individually or in the aggregate, are reasonably expected to have a material adverse effect on the Company's results of operations, financial condition, or cash flows, including class action lawsuits. However, the results of current, or future, matters cannot be predicted with certainty, and an unfavorable resolution of one or more of such matters could have a material adverse effect on the Company's results of operations, financial condition, or cash flows.

21

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Other Matters
The Company, acting through its subsidiaries, is the lessee under many real estate leases that provide for the use by the Company’s subsidiaries of their respective dealership premises. Pursuant to these leases, the Company’s subsidiaries generally agree to indemnify the lessor and other parties from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, or a breach of the lease by the lessee. Additionally, from time to time, the Company enters into agreements in connection with the sale of assets or businesses in which it agrees to indemnify the purchaser, or other parties, from certain liabilities or costs arising in connection with the assets or business. Also, in the ordinary course of business in connection with purchases or sales of goods and services, the Company enters into agreements that may contain indemnification provisions. In the event that an indemnification claim is asserted, liability would be limited by the terms of the applicable agreement.
From time to time, primarily in connection with dealership dispositions, the Company’s subsidiaries sublet to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships and continue to be primarily obligated on the lease. In these situations, the Company’s subsidiaries retain primary responsibility for the performance of certain obligations under such leases. To the extent that the Company remains primarily responsible under such leases, a quantification of such lease obligations is included in the Company's disclosure of future minimum lease payments for non-cancelable operating leases in Note 18, Operating Leases of the 2015 Form 10-K.
In certain instances, also in connection with dealership dispositions, the Company’s subsidiaries assign to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships. The Company’s subsidiaries may retain secondary responsibility for the performance of certain obligations under such leases to the extent that the assignee does not perform, if such performance is required following the assignment of the lease. Additionally, the Company and its subsidiaries may remain subject to the terms of a guaranty made by the Company and its subsidiaries in connection with such leases. In these circumstances, the Company generally has indemnification rights against the assignee in the event of non-performance under these leases, as well as certain defenses. The Company and its subsidiaries also may be called on to perform other obligations under these leases, such as environmental remediation of the leased premises or repair of the leased premises upon termination of the lease. However, potential environmental liabilities are generally known at the time of the sale of the dealership if not previously remediated. The Company does not have any known material environmental commitments or contingencies and presently has no reason to believe that it or its subsidiaries will be called on to so perform. Although not estimated to be material, the Company’s exposure under these leases is difficult to estimate and there can be no assurance that any performance of the Company or its subsidiaries required under these leases would not have a material adverse effect on the Company’s business, financial condition, or cash flows.

22

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

12. INTANGIBLE FRANCHISE RIGHTS AND GOODWILL
The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment:
 
Intangible Franchise Rights
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2015
$
285,659

 
$
7,773

 
$
14,156

 
$
307,588

 
Additions through acquisitions

 
14,087

 

 
14,087

 
Currency translation

 
(1,903
)
 
3,202

 
1,299

 
BALANCE, June 30, 2016
$
285,659

 
$
19,957

 
$
17,358

 
$
322,974

 
 
Goodwill
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2015
$
809,775

 
$
35,320

 
$
9,820

 
$
854,915

(1) 
Additions through acquisitions

 
30,755

 
1,018

 
31,773

 
Purchase price allocation adjustments
39

 
1,077

 

 
1,116

 
Disposals
(2,035
)
 

 
(191
)
 
(2,226
)
 
Currency translation

 
(5,902
)
 
2,305

 
(3,597
)
 
BALANCE, June 30, 2016
$
807,779

 
$
61,250

 
$
12,952

 
$
881,981

(1) 
(1) Net of accumulated impairment of $97.8 million.

23

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

13. ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in the balances of each component of accumulated other comprehensive loss for the six months ended June 30, 2016 and 2015 were as follows: 
 
 
Six Months Ended June 30, 2016
 
 
Accumulated foreign currency translation loss
 
Accumulated loss on interest rate swaps
 
Total
 
 
(In thousands)
Balance, December 31, 2015
 
$
(118,532
)
 
$
(19,452
)
 
$
(137,984
)
Other comprehensive loss before reclassifications:
 
 
 
 
 

Pre-tax
 
(3,913
)
 
(26,821
)
 
(30,734
)
Tax effect
 

 
10,058

 
10,058

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 


Floorplan interest expense
 

 
5,623

 
5,623

Other interest expense
 

 
1,186

 
1,186

Tax effect
 

 
(2,553
)
 
(2,553
)
Net current period other comprehensive loss
 
(3,913
)
 
(12,507
)
 
(16,420
)
Balance, June 30, 2016
 
$
(122,445
)
 
$
(31,959
)
 
$
(154,404
)
 
 
Six Months Ended June 30, 2015
 
 
Accumulated foreign currency translation loss
 
Accumulated loss on interest rate swaps
 
Total
 
 
(In thousands)
Balance, December 31, 2014
 
$
(64,075
)
 
$
(17,909
)
 
$
(81,984
)
Other comprehensive loss before reclassifications:
 
 
 
 
 
 
Pre-tax
 
(20,595
)
 
(7,534
)
 
(28,129
)
Tax effect
 

 
2,825

 
2,825

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
 
Floorplan interest expense
 

 
5,470

 
5,470

Other interest expense
 

 
845

 
845

Tax effect
 

 
(2,368
)
 
(2,368
)
Net current period other comprehensive loss
 
(20,595
)
 
(762
)
 
(21,357
)
Balance, June 30, 2015
 
$
(84,670
)
 
$
(18,671
)
 
$
(103,341
)

24

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

14. SEGMENT INFORMATION
As of June 30, 2016, 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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.
Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended June 30, 2016
 
 
Six Months Ended June 30, 2016
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,207,381

 
$
467,792

 
$
107,276

 
$
2,782,449

 
 
$
4,289,014

 
$
899,688

 
$
202,102

 
$
5,390,804

Income (loss) before income taxes
61,784

 
7,929

 
(651
)
 
69,062

 
 
111,989

 
13,449

 
(2,274
)
 
123,164

(Provision) benefit for income taxes
(22,854
)
 
(1,586
)
 
1,958

 
(22,482
)
 
 
(41,685
)
 
(2,756
)
 
2,148

 
(42,293
)
Net income (loss) (1)
$
38,930

 
$
6,343

 
$
1,307

 
$
46,580

 
 
70,304

 
10,693

 
(126
)
 
80,871

 
Three Months Ended June 30, 2015
 
 
Six Months Ended June 30, 2015
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,287,446

 
$
308,167

 
$
130,867

 
$
2,726,480

 
 
$
4,285,946

 
$
607,708

 
$
265,680

 
$
5,159,334

Income (loss) before income taxes
69,431

 
4,831

 
(485
)
 
73,777

 
 
122,589

 
9,951

 
(1,290
)
 
131,250

Provision for income taxes
(26,288
)
 
(1,010
)
 
(169
)
 
(27,467
)
 
 
(46,651
)
 
(2,009
)
 
(466
)
 
(49,126
)
Net income (loss)
$
43,143

 
$
3,821

 
$
(654
)
 
$
46,310

 
 
75,938

 
7,942

 
(1,756
)
 
82,124

(1) Includes the following, after tax: loss due to catastrophic events of $1.7 million and $3.4 million for the three and six months ended June 30, 2016, respectively, in the U.S. segment; and foreign deferred income tax benefit of $1.7 million for the three and six months ended June 30, 2016 in the Brazil segment.

Reportable segment total assets as of June 30, 2016 and December 31, 2015 were as follows:
 
As of June 30, 2016
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,874,447

 
$
485,596

 
$
140,757

 
$
4,500,800

 
 
As of December 31, 2015
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,923,001

 
$
358,476

 
$
115,239

 
$
4,396,716

 



25

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

15. CONDENSED CONSOLIDATING FINANCIAL INFORMATION
The following tables include condensed consolidating financial information as of June 30, 2016 and December 31, 2015, and for the three and six months ended June 30, 2016 and 2015, for Group 1 Automotive, Inc.’s (as issuer of the 5.00% Notes), guarantor subsidiaries and non-guarantor subsidiaries (representing foreign entities). The condensed consolidating financial information includes certain allocations of balance sheet, statement of operations and cash flows items that are not necessarily indicative of the financial position, results of operations or cash flows of these entities had they operated on a stand-alone basis. In accordance with Rule 3-10 of Regulation S-X, condensed consolidated financial statements of non-guarantors are not required. The Company has no assets or operations independent of its subsidiaries. Obligations under the 5.00% Senior Notes are fully and unconditionally and jointly and severally guaranteed on a senior unsecured basis by the Company’s current 100%-owned domestic subsidiaries and certain of the Company’s future domestic subsidiaries, with the exception of the Company’s “minor” subsidiaries (as defined by Rule 3-10 of Regulation S-X). There are no significant restrictions on the ability of the Company or subsidiary guarantors for the Company to obtain funds from its subsidiary guarantors by dividend or loan. None of the subsidiary guarantors’ assets represent restricted assets pursuant to SEC Rule 4-08(e)(3) of Regulation S-X.
CONDENSED CONSOLIDATED BALANCE SHEET
June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
ASSETS
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
5,495

 
$
19,470

 
$

 
$
24,965

Contracts-in-transit and vehicle receivables, net

 
173,024

 
39,280

 

 
212,304

Accounts and notes receivable, net

 
116,770

 
34,885

 

 
151,655

Intercompany accounts receivable

 
4,386

 

 
(4,386
)
 

Inventories, net

 
1,532,707

 
251,407

 

 
1,784,114

Prepaid expenses and other current assets
684

 
8,643

 
19,592

 

 
28,919

Total current assets
684

 
1,841,025

 
364,634

 
(4,386
)
 
2,201,957

PROPERTY AND EQUIPMENT, net

 
938,378

 
142,854

 

 
1,081,232

GOODWILL

 
807,781

 
74,200

 

 
881,981

INTANGIBLE FRANCHISE RIGHTS

 
285,659

 
37,315

 

 
322,974

INVESTMENT IN SUBSIDIARIES
2,584,017

 

 

 
(2,584,017
)
 

OTHER ASSETS

 
8,126

 
4,530

 

 
12,656

Total assets
$
2,584,701

 
$
3,880,969

 
$
623,533

 
$
(2,588,403
)
 
$
4,500,800

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
Floorplan notes payable — credit facility and other
$

 
$
1,233,518

 
$
5,702

 
$

 
$
1,239,220

Offset account related to floorplan notes payable - credit facility

 
(35,461
)
 

 

 
(35,461
)
Floorplan notes payable — manufacturer affiliates

 
302,504

 
94,791

 

 
397,295

Offset account related to floorplan notes payable - manufacturer affiliates

 
(27,500
)
 

 

 
(27,500
)
Current maturities of long-term debt and short-term financing

 
28,246

 
14,747

 

 
42,993

Accounts payable

 
158,500

 
154,719

 

 
313,219

Intercompany accounts payable
718,412

 

 
4,386

 
(722,798
)
 

Accrued expenses

 
156,948

 
25,160

 

 
182,108

Total current liabilities
718,412

 
1,816,755

 
299,505

 
(722,798
)
 
2,111,874

LONG-TERM DEBT, net of current maturities
845,010

 
340,094

 
65,836

 

 
1,250,940

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

 
49,438

 

 

 
49,438

DEFERRED INCOME TAXES AND OTHER LIABILITIES
(678
)
 
212,649

 
9,025

 

 
220,996

STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 

Group 1 stockholders’ equity
1,021,957

 
2,180,445

 
249,167

 
(2,584,017
)
 
867,552

Intercompany note receivable

 
(718,412
)
 

 
718,412

 

Total stockholders’ equity
1,021,957

 
1,462,033

 
249,167

 
(1,865,605
)
 
867,552

Total liabilities and stockholders’ equity
$
2,584,701

 
$
3,880,969

 
$
623,533

 
$
(2,588,403
)
 
$
4,500,800


26

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED BALANCE SHEET
December 31, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
ASSETS
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
6,338

 
$
6,699

 
$

 
$
13,037

Contracts-in-transit and vehicle receivables, net

 
233,275

 
19,163

 

 
252,438

Accounts and notes receivable, net

 
132,078

 
25,690

 

 
157,768

Intercompany accounts receivable

 
1,192

 

 
(1,192
)
 

Inventories, net

 
1,533,166

 
204,585

 

 
1,737,751

Prepaid expenses and other current assets
5,312

 
8,946

 
13,118

 

 
27,376

Total current assets
5,312

 
1,914,995

 
269,255

 
(1,192
)
 
2,188,370

PROPERTY AND EQUIPMENT, net

 
916,338

 
117,643

 

 
1,033,981

GOODWILL

 
809,775

 
45,140

 

 
854,915

INTANGIBLE FRANCHISE RIGHTS

 
285,659

 
21,929

 

 
307,588

INVESTMENT IN SUBSIDIARIES
2,388,081

 

 

 
(2,388,081
)
 

OTHER ASSETS

 
5,950

 
5,912

 

 
11,862

Total assets
$
2,393,393

 
$
3,932,717

 
$
459,879

 
$
(2,389,273
)
 
$
4,396,716

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
Floorplan notes payable — credit facility and other
$

 
$
1,261,606

 
$
4,113

 
$

 
$
1,265,719

Offset account related to floorplan notes payable - credit facility

 
(110,759
)
 

 

 
(110,759
)
Floorplan notes payable — manufacturer affiliates

 
303,810

 
85,261

 

 
389,071

Offset account related to floorplan notes payable - manufacturer affiliates

 
(25,500
)
 

 

 
(25,500
)
Current maturities of long-term debt and short-term financing

 
47,015

 
7,976

 

 
54,991

Accounts payable

 
178,544

 
101,879

 

 
280,423

Intercompany accounts payable
503,333

 

 
1,192

 
(504,525
)
 

Accrued expenses

 
167,509

 
17,814

 

 
185,323

Total current liabilities
503,333

 
1,822,225

 
218,235

 
(504,525
)
 
2,039,268

LONG-TERM DEBT, net of current maturities
834,090

 
300,788

 
64,656

 

 
1,199,534

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

 
31,153

 

 

 
31,153

DEFERRED INCOME TAXES AND OTHER LIABILITIES
(265
)
 
203,824

 
4,950

 

 
208,509

STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 

Group 1 stockholders’ equity
1,056,235

 
2,078,060

 
172,038

 
(2,388,081
)
 
918,252

Intercompany note receivable

 
(503,333
)
 

 
503,333

 

Total stockholders’ equity
1,056,235

 
1,574,727

 
172,038

 
(1,884,748
)
 
918,252

Total liabilities and stockholders’ equity
$
2,393,393

 
$
3,932,717

 
$
459,879

 
$
(2,389,273
)
 
$
4,396,716


27

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
2,207,383

 
$
575,066

 
$

 
$
2,782,449

COST OF SALES:

 
1,862,787

 
509,543

 

 
2,372,330

GROSS PROFIT

 
344,596

 
65,523

 

 
410,119

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
605

 
243,312

 
55,105

 

 
299,022

DEPRECIATION AND AMORTIZATION EXPENSE

 
10,642

 
2,071

 

 
12,713

ASSET IMPAIRMENTS

 
1,024

 

 

 
1,024

INCOME (LOSS) FROM OPERATIONS
(605
)
 
89,618

 
8,347

 

 
97,360

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(10,402
)
 
(1,191
)
 

 
(11,593
)
Other interest expense, net

 
(16,072
)
 
(633
)
 

 
(16,705
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(605
)
 
63,144

 
6,523

 

 
69,062

BENEFIT (PROVISION) FOR INCOME TAXES
227

 
(23,081
)
 
372

 

 
(22,482
)
EQUITY IN EARNINGS OF SUBSIDIARIES
46,958

 

 

 
(46,958
)
 

NET INCOME (LOSS)
$
46,580

 
$
40,063

 
$
6,895

 
$
(46,958
)
 
$
46,580

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(3,480
)
 
(6,068
)
 

 
(9,548
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
46,580

 
$
36,583

 
$
827

 
$
(46,958
)
 
$
37,032





28

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Six Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
4,289,016

 
$
1,101,788

 
$

 
$
5,390,804

COST OF SALES:

 
3,611,709

 
979,874

 

 
4,591,583

GROSS PROFIT

 
677,307

 
121,914

 

 
799,221

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
1,808

 
486,327

 
104,552

 

 
592,687

DEPRECIATION AND AMORTIZATION EXPENSE

 
21,238

 
3,939

 

 
25,177

ASSET IMPAIRMENTS

 
1,533

 
423

 

 
1,956

INCOME (LOSS) FROM OPERATIONS
(1,808
)
 
168,209

 
13,000

 

 
179,401

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(20,450
)
 
(2,153
)
 

 
(22,603
)
Other interest expense, net

 
(32,124
)
 
(1,510
)
 

 
(33,634
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(1,808
)
 
115,635

 
9,337

 

 
123,164

BENEFIT (PROVISION) FOR INCOME TAXES
677

 
(42,362
)
 
(608
)
 

 
(42,293
)
EQUITY IN EARNINGS OF SUBSIDIARIES
82,002

 

 

 
(82,002
)
 

NET INCOME (LOSS)
$
80,871

 
$
73,273

 
$
8,729

 
$
(82,002
)
 
$
80,871

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(12,507
)
 
(3,913
)
 

 
(16,420
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
80,871

 
$
60,766

 
$
4,816

 
$
(82,002
)
 
$
64,451


29

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
2,287,447

 
$
439,033

 
$

 
$
2,726,480

COST OF SALES:

 
1,945,263

 
389,644

 

 
2,334,907

GROSS PROFIT

 
342,184

 
49,389

 

 
391,573

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
848

 
237,716

 
42,004

 

 
280,568

DEPRECIATION AND AMORTIZATION EXPENSE

 
10,357

 
1,589

 

 
11,946

ASSET IMPAIRMENTS

 
498

 
541

 

 
1,039

INCOME FROM OPERATIONS
(848
)
 
93,613

 
5,255

 

 
98,020

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(8,959
)
 
(1,056
)
 

 
(10,015
)
Other interest expense, net
605

 
(13,073
)
 
(1,760
)
 

 
(14,228
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(243
)
 
71,581

 
2,439

 

 
73,777

BENEFIT (PROVISION) FOR INCOME TAXES
92

 
(26,382
)
 
(1,177
)
 

 
(27,467
)
EQUITY IN EARNINGS OF SUBSIDIARIES
46,461

 

 

 
(46,461
)
 

NET INCOME (LOSS)
$
46,310

 
$
45,199

 
$
1,262

 
$
(46,461
)
 
$
46,310

OTHER COMPREHENSIVE INCOME, NET OF TAXES

 
3,784

 
9,999

 

 
13,783

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
46,310

 
$
48,983

 
$
11,261

 
$
(46,461
)
 
$
60,093







30

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Six Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
4,285,947

 
$
873,387

 
$

 
$
5,159,334

COST OF SALES:

 
3,629,275

 
774,602

 

 
4,403,877

GROSS PROFIT

 
656,672

 
98,785

 

 
755,457

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
2,079

 
465,188

 
84,770

 

 
552,037

DEPRECIATION AND AMORTIZATION EXPENSE

 
20,475

 
3,155

 

 
23,630

ASSET IMPAIRMENTS

 
498

 
541

 

 
1,039

INCOME FROM OPERATIONS
(2,079
)
 
170,511

 
10,319

 

 
178,751

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(17,477
)
 
(1,885
)
 

 
(19,362
)
Other interest expense, net
1,197

 
(25,796
)
 
(3,540
)
 

 
(28,139
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(882
)
 
127,238

 
4,894

 

 
131,250

BENEFIT (PROVISION) FOR INCOME TAXES
331

 
(46,985
)
 
(2,472
)
 

 
(49,126
)
EQUITY IN EARNINGS OF SUBSIDIARIES
82,675

 

 

 
(82,675
)
 

NET INCOME (LOSS)
$
82,124

 
$
80,253

 
$
2,422

 
$
(82,675
)
 
$
82,124

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(762
)
 
(20,595
)
 

 
(21,357
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
82,124

 
$
79,491

 
$
(18,173
)
 
$
(82,675
)
 
$
60,767


31

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Company
 
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net cash provided by operating activities
$
80,872

 
$
88,538

 
$
3,457

 
$
172,867

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Cash paid in acquisitions, net of cash received

 

 
(54,739
)
 
(54,739
)
Proceeds from disposition of franchises, property and equipment

 
12,728

 
1,257

 
13,985

Purchases of property and equipment, including real estate

 
(59,894
)
 
(10,378
)
 
(70,272
)
Other

 
3,007

 
149

 
3,156

Net cash used in investing activities

 
(44,159
)
 
(63,711
)
 
(107,870
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings on credit facility - floorplan line and other

 
3,373,126

 

 
3,373,126

Repayments on credit facility - floorplan line and other

 
(3,325,917
)
 

 
(3,325,917
)
Borrowings on credit facility - acquisition line
150,020

 

 

 
150,020

Repayment on credit facility - acquisition line
(140,020
)
 

 

 
(140,020
)
Borrowings on other debt

 

 
19,653

 
19,653

Principal payments on other debt

 
(461
)
 
(21,787
)
 
(22,248
)
Borrowings on debt related to real estate, net of debt issue costs

 
30,754

 

 
30,754

Principal payments on debt related to real estate

 
(9,611
)
 
(2,604
)
 
(12,215
)
Employee stock purchase plan purchases, net of employee tax withholdings
136

 

 

 
136

Repurchases of common stock, amounts based on settlement date
(115,246
)
 

 

 
(115,246
)
Tax effect from stock-based compensation
(85
)
 

 

 
(85
)
Dividends paid
(10,124
)
 

 

 
(10,124
)
Other
(2,736
)
 
(423
)
 

 
(3,159
)
Borrowings (repayments) with subsidiaries
233,120

 
(236,314
)
 
3,194

 

Investment in subsidiaries
(195,937
)
 
123,624

 
72,313

 

Distributions to parent

 

 

 

Net cash provided by (used in) financing activities
(80,872
)
 
(45,222
)
 
70,769

 
(55,325
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

 
2,256

 
2,256

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 
(843
)
 
12,771

 
11,928

CASH AND CASH EQUIVALENTS, beginning of period

 
6,338

 
6,699

 
13,037

CASH AND CASH EQUIVALENTS, end of period
$

 
$
5,495

 
$
19,470

 
$
24,965



32

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)


CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Company
 
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
82,124

 
$
(6,018
)
 
$
4,469

 
$
80,575

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Cash paid in acquisitions, net of cash received

 
(130,783
)
 

 
(130,783
)
Proceeds from disposition of franchises, property and equipment

 
6,845

 
494

 
7,339

Purchases of property and equipment, including real estate

 
(39,305
)
 
(9,181
)
 
(48,486
)
Other

 
6,294

 

 
6,294

Net cash used in investing activities

 
(156,949
)
 
(8,687
)
 
(165,636
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings on credit facility - floorplan line and other

 
3,550,526

 

 
3,550,526

Repayments on credit facility - floorplan line and other

 
(3,466,772
)
 

 
(3,466,772
)
Borrowings on credit facility - acquisition line
346,050

 

 

 
346,050

Repayment on credit facility - acquisition line
(324,222
)
 

 

 
(324,222
)
Borrowings on other debt

 
138

 
25,606

 
25,744

Principal payments on other debt

 
(989
)
 
(25,953
)
 
(26,942
)
Borrowings on debt related to real estate, net of debt issue costs

 

 
22,430

 
22,430

Principal payments on debt related to real estate

 
(12,846
)
 
(1,513
)
 
(14,359
)
Employee stock purchase plan purchases, net of employee tax withholdings
(1,113
)
 

 

 
(1,113
)
Repurchases of common stock, amounts based on settlement date
(33,121
)
 

 

 
(33,121
)
Tax effect from stock-based compensation

 
1,439

 

 
1,439

Dividends paid
(9,737
)
 

 

 
(9,737
)
Borrowings (repayments) with subsidiaries
80,027

 
(54,206
)
 
(25,821
)
 

Investment in subsidiaries
(140,008
)
 
124,918

 
15,090

 

Distributions to parent

 

 

 

Net cash provided by (used in) financing activities
(82,124
)
 
142,208

 
9,839

 
69,923

EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

 
(1,612
)
 
(1,612
)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 
(20,759
)
 
4,009

 
(16,750
)
CASH AND CASH EQUIVALENTS, beginning of period

 
25,379

 
15,596

 
40,975

CASH AND CASH EQUIVALENTS, end of period
$

 
$
4,620

 
$
19,605

 
$
24,225


33

Table of Contents GROUP 1 AUTOMOTIVE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

16. SUBSEQUENT EVENTS
Subsequent to June 30, 2016, the Company repurchased 244,205 of its common shares for $12.4 million under its current share repurchase program.

34


CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This Quarterly Report on Form 10-Q (this “Form 10-Q”) includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). Forward-looking statements may appear throughout this report including, but not limited to, the following sections: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Quantitative and Qualitative Disclosures About Market Risk." This information includes statements regarding our plans, goals or current expectations with respect to, among other things:
our future operating performance;
our ability to maintain or improve our margins;
operating cash flows and availability of capital;
the completion of future acquisitions;
the future revenues of acquired dealerships;
future stock repurchases, refinancing of debt, and dividends;
future capital expenditures;
changes in sales volumes and availability of credit for customer financing in new and used vehicles and sales volumes in the parts and service markets;
business trends in the retail automotive industry, including the level of manufacturer incentives, new and used vehicle retail sales volume, customer demand, interest rates and changes in industry-wide inventory levels; and
availability of financing for inventory, working capital, real estate and capital expenditures.
Although we believe that the expectations reflected in these forward-looking statements are reasonable when and as made, we cannot assure you that these expectations will prove to be correct. When used in this Form 10-Q, the words “anticipate,” “believe,” “estimate,” “expect,” "intend," “may” and similar expressions, as they relate to our company and management, are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and operating results are based on our forecasts for our existing operations and do not include the potential impact of any future acquisitions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Actual results may differ materially from anticipated results in the forward-looking statements for a number of reasons, including:
future deterioration in the economic environment, including consumer confidence, interest rates, the prices of oil and gasoline, the level of manufacturer incentives and the availability of consumer credit may affect the demand for new and used vehicles, replacement parts, maintenance and repair services and finance and insurance products;
adverse domestic and international developments such as war, terrorism, political conflicts or other hostilities may adversely affect the demand for our products and services;
the existing and future regulatory environment, including legislation related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, climate control changes legislation, and unexpected litigation or adverse legislation, including changes in state franchise laws, may impose additional costs on us or otherwise adversely affect us;
a concentration of risk associated with our principal automobile manufacturers, especially Toyota, Nissan, Honda, BMW, Ford, Daimler, General Motors, Chrysler, and Volkswagen, because of financial distress, bankruptcy, natural disasters that disrupt production or other reasons, may not continue to produce or make available to us vehicles that are in high demand by our customers or provide financing, insurance, advertising or other assistance to us;
restructuring by one or more of our principal manufacturers, up to and including bankruptcy may cause us to suffer financial loss in the form of uncollectible receivables, devalued inventory or loss of franchises;
requirements imposed on us by our manufacturers may require dispositions, limit our acquisitions or increases in the level of capital expenditures related to our dealership facilities;
our existing and/or new dealership operations may not perform at expected levels or achieve expected improvements;

35


our failure to achieve expected future cost savings or future costs may be higher than we expect;
manufacturer quality issues, including the recall of vehicles, may negatively impact vehicle sales and brand reputation;
available capital resources, increases in cost of financing (such as higher interest rates) and our various debt agreements may limit our ability to complete acquisitions, complete construction of new or expanded facilities, repurchase shares or pay dividends;
our ability to refinance or obtain financing in the future may be limited and the cost of financing could increase significantly;
foreign exchange controls and currency fluctuations;
new accounting standards could materially impact our reported earnings per share;
our ability to acquire new dealerships and successfully integrate those dealerships into our business;
the impairment of our goodwill, our indefinite-lived intangibles and our other long-lived assets;
natural disasters and adverse weather events;
our foreign operations and sales in the U.K. and Brazil, which pose additional risks;
the inability to adjust our cost structure to offset any reduction in the demand for our products and services;
loss of our key personnel;
competition in our industry may impact our operations or our ability to complete additional acquisitions;
the failure to achieve expected sales volumes from our new franchises;
insurance costs could increase significantly and all of our losses may not be covered by insurance; and
our inability to obtain inventory of new and used vehicles and parts, including imported inventory, at the cost, or in the volume, we expect.
For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015 (the "2015 Form 10-K"), as well as "Management's Discussion and Analysis" and "Quantitative and Qualitative Disclosures About Market Risk."
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no responsibility to publicly release the result of any revision of our forward-looking statements after the date they are made.


36


Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those discussed in the forward-looking statements because of various factors. See “Cautionary Statement about Forward-Looking Statements.”
In the preparation of our financial statements and reporting of our operating results in accordance with United States generally accepted accounting principles ("U.S. GAAP"), certain non-core business items are required to be presented. Examples of items that we consider non-core include non-cash asset impairment charges, gains and losses on dealership, franchise or real estate transactions, and catastrophic weather events such as hail storms, hurricanes, and snow storms. In order to improve the transparency of our disclosures, provide a meaningful presentation of results from our core business operations and improve period-over-period comparability, we have included certain adjusted financial measures that exclude the impact of these non-core business items. These adjusted measures are not measures of financial performance under U.S. GAAP, but are instead considered non-GAAP financial performance measures. Our management uses these adjusted measures in conjunction with U.S. GAAP financial measures to assess our business, including communication with our Board of Directors, investors and industry analysts concerning financial performance. Therefore, we believe these adjusted financial measures are relevant and useful to users of the following financial information. For further explanation and reconciliation to the most directly comparable GAAP measures, see "Non-GAAP Financial Measures" below.
Overview
We are a leading operator in the automotive retail industry. Through our dealerships, we sell new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. Our operations are aligned into four geographic regions: the East and West Regions in the United States ("U.S."), the United Kingdom ("U.K.") Region, and the Brazil Region. Our U.S. regional vice presidents report directly to our Chief Executive Officer and are responsible for the overall performance of their regions, as well as for overseeing the dealership operations management that report to them. Further, the East and West Regions of the U.S. are economically similar in that they deliver the same products and services to a common customer group, their customers are generally individuals, they follow the same procedures and methods in managing their operations, and they operate in similar regulatory environments. As a result, we aggregate the East and West Regions of the U.S. into one reportable segment. The operations of our international regions are structured similarly to the U.S. regions, each with a regional vice president reporting directly to our Chief Executive Officer. As such, our three reportable segments are the U.S., which includes the activities of our corporate office, the U.K. and Brazil.
As of June 30, 2016, we owned and operated 212 franchises, representing 33 brands of automobiles, at 161 dealership locations and 37 collision centers worldwide. We own 149 franchises at 114 dealerships and 28 collision centers in the U.S., 40 franchises at 29 dealerships and eight collision centers in the U.K., and 23 franchises at 18 dealerships and one collision center in Brazil. Our operations are primarily located in major metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina and Texas in the U.S., in 19 towns of the U.K. and in key metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul and Santa Catarina in Brazil.
Outlook
During the three months ended June 30, 2016, industry new vehicle registrations in the U.S. remained flat as compared to the same period a year ago. In response, and particularly given the headwinds we are experiencing in most of our energy-dependent markets, we are focused on opportunities to enhance our operating results by: (a) improving our new and used vehicle gross profit per unit sold; (b) continuing to focus on our higher margin parts and service business, implementing strategic selling methods, and improving operational efficiencies; (c) investing capital where necessary to support our anticipated growth, particularly in our parts and service business; and (d) further leveraging our revenue and gross profit growth through the continued implementation of cost efficiencies.
In terms of GDP, the U.K. economy represents the fifth largest economy in the world. Industry new vehicle registrations in the U.K. increased 3.2% in the six months ended June 30, 2016, as compared to the same period a year ago.
The majority vote in favor of the Referendum of the United Kingdom’s Membership of the European Union (E.U.) (referred to as Brexit), advising for the exit of the United Kingdom from the European Union, could have an adverse effect on our operations and financial results. While the initial announcement created much uncertainty in the global markets, we may not know for many months what the Brexit effect may be to the Company and the global markets, especially the U.K. Additionally, there is much uncertainty surrounding the effects Brexit may have on the regulatory environment of the U.K. and the overall European Union and its remaining individual members. Currently, automotive dealers in the U.K. rely on the legislative doctrine of “Block Exemption” to govern market representation activities of competing dealers and dealer groups. To date, there has been no clear indication of how such legislation may be affec

37


ted by Brexit. The Company continues to monitor all effects, both economic and legislative, of Brexit.
In addition, the announcement of Brexit initially caused significant volatility in global stock markets and currency exchange rate fluctuations that resulted in the strengthening of the U.S. dollar against the British pound sterling in which we conduct business in the U.K. The strengthening of the U.S. dollar relative to the British pound sterling has and may continue to adversely affect our results of operations. Please see the update below in "Critical Accounting Policies and Accounting Estimates" for further information on potential impact to the Company.
In terms of GDP, the Brazilian economy represents the ninth largest economy in the world. At present, the Brazilian economy is in recession and is facing many challenges. Industry new vehicle registrations in Brazil declined 25.1% for the six months ended June 30, 2016 as compared to the same period a year ago. We expect macro-economic conditions in Brazil to remain challenged in the near term and automobile industry sales to continue to be under pressure for the remainder of 2016 and into 2017. Longer term, we expect improvements in industry sales volumes and are utilizing a strategy of aligning with growing brands. In conjunction with this strategy, we added four franchises in Brazil during the six months ended June 30, 2016. These franchises are expected to generate approximately $20 million in annual revenues. In addition, since December 31, 2015, we have disposed of four franchises in Brazil. These four franchises combined to generate roughly $35 million in trailing twelve month revenues. We expect that the net impact to our profitability of this adjustment to our portfolio will be positive.
In September 2015, Volkswagen admitted that certain of its diesel models were intentionally programmed to meet various regulatory emissions standards only during laboratory emissions testing. In late June 2016, Volkswagen agreed to pay up to an aggregate of $14.7 billion to settle claims stemming from the diesel emissions scandal. The proposed settlement with the U.S. federal government and owners of about 475,000 Volkswagen vehicles, includes a maximum of $10 billion to buy back affected cars at their pre-scandal values, and additional cash compensation for certain Volkswagen vehicle owners. Volkswagen will also pay $2.7 billion into an Environmental Protection Agency fund, to compensate for the environmental impact of its cars, which were fitted with software that enabled them to pass emissions tests but exceed legal pollution limits in on-the-road driving. Volkswagen has also agreed to spend $2 billion on new cleaner-vehicle projects. All told, the civil settlement would be the largest yet by an automobile company. As part of the settlement, a class of Volkswagen dealers has been established in the principal settlement with government officials to make claims for damages related to the emissions scandal, including costs incurred in decreased sales of certain Volkswagen products and reimbursement for certain current vehicles in inventory. While we anticipate that we will generate revenues to repair affected vehicles under the settlement, and while the total amount to be awarded to the dealership class and then to our various individual Volkswagen dealerships is not known at this time, we do not anticipate that these amounts will be material. The Volkswagen brand represented 1.6% of our total new vehicle retail unit sales for the six months ended June 30, 2016.
In addition, several other manufacturers have issued stop sales on a number of vehicle models due to recall campaigns. As disclosed in “Item 1A. Risk Factors” of our 2015 Form 10-K, adverse publicity, product defects, vehicle recall campaigns, litigation and unappealing vehicle design related to events such as these may have an adverse impact on the vehicle manufacturer and on our business, dealerships related to those manufacturers, results of operations and financial condition. Currently, we do not believe that the impact of these issues will be material to us. However, we continue to monitor the development of these issues, because the full extent of the impact on us is not known at this time.
We expect that our operations will continue to consistently generate positive cash flow in the future and we are focused on maximizing the return that we generate from our invested capital, as well as positioning our balance sheet to take advantage of investment opportunities as they arise. We remain committed to our growth-by-acquisition strategy and, over the long term, we believe that significant opportunities exist to enhance our portfolio with dealership acquisitions in the U.S., U.K. and Brazil that provide satisfactory returns on our investment. However, our capital allocation strategy is dynamic and dependent on a variety of market conditions. Currently, based upon our stock price, we believe that stock repurchases offer a very attractive alternative for capital allocation, relative to dealership acquisitions. We will continue to pursue dealership investment opportunities that we believe will add value for our stockholders and will continue to monitor the relative value of dealership acquisitions, share repurchases and shareholder dividends in the future.
We continue to closely scrutinize all planned future capital spending and work closely with our manufacturer partners to make prudent capital investment decisions that are expected to generate an adequate return and/or improve the customer experience. We anticipate that our capital spending for the year of 2016 will be less than $135 million.
Financial and Operational Highlights
Our operating results reflect the combined performance of each of our interrelated business activities, which include the sale of new vehicles, used vehicles, finance and insurance products, and parts, as well as maintenance, repair and collision restoration services. Historically, each of these activities has been directly or indirectly impacted by a variety of supply/demand factors, including vehicle inventories, consumer confidence, discretionary spending levels, availability and affordability of consumer credit, manufacturer incentives, weather patterns, fuel prices and interest rates. For example, during periods of

38


sustained economic downturn or significant supply/demand imbalances, new vehicle sales may be negatively impacted as consumers tend to shift their purchases to used vehicles. Some consumers may even delay their purchasing decisions altogether, electing instead to continue to maintain and repair their existing vehicles. In such cases, however, we believe the new vehicle sales impact on our overall business is mitigated by our ability to offer other products and services, such as used vehicles and parts, as well as maintenance, repair and collision restoration services. In addition, our ability to expediently adjust our cost structure in response to changes in new vehicle sales volumes also tempers the negative impact of such volume changes.
In the U.S., we generally experience higher volumes of vehicle sales and service in the second and third calendar quarters of each year. This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some regions of the U.S., vehicle purchases decline during the winter months due to inclement weather. As a result, our U.S. revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. For the U.K., the first and third calendar quarters tend to be stronger, driven by the vehicle license plate change months of March and September. For Brazil, we expect higher volumes in the third and fourth calendar quarters. The first quarter is generally the weakest, driven by heavy consumer vacations and activities associated with Carnival. Other factors unrelated to seasonality, such as changes in economic condition, manufacturer incentive programs and changes in currency exchange rates, may exaggerate seasonal or cause counter-seasonal fluctuations in our reported consolidated revenues and consolidated operating income.
Our operating results as reported on a U.S. GAAP basis for the three months ended June 30, 2016 were negatively impacted by the following non-core items: $2.8 million related to vehicle inventory losses from hail and flooding in Texas on a pre-tax basis ($1.7 million on an after-tax basis), $1.0 million of non-cash impairment charges on a pre-tax basis ($0.6 million on an after-tax basis), and $0.3 million of net losses related to real estate and dealership transactions on a pre-tax basis ($0.2 million on an after-tax basis), partially offset by a $1.7 million related to a foreign deferred income tax benefit on an after-tax basis. For the six months ended June 30, 2016, our operating results were negatively impacted by the following non-core items: $5.4 million of losses related to catastrophic events on a pre-tax basis ($3.4 million on an after-tax basis), $1.5 million of non-cash impairment charges on a pre-tax basis ($0.9 million on an after-tax basis), $0.6 million of acquisition costs on both a pre-tax and after-tax basis, and $0.1 million of net losses related to real estate and dealership transactions on a pre-tax basis ($0.4 million on an after-tax basis), partially offset by a $1.7 million related to a foreign deferred income tax benefit on an after-tax basis. On a comparable basis, our operating results as reported on a U.S. GAAP basis for the three and six months ended June 30, 2015 were negatively impacted by the following non-core items: $1.0 million of non-cash impairment charges on a pre-tax basis ($0.8 million on an after-tax basis), $1.0 million charge related to vehicle inventory losses from flooding in Houston, Texas, on a pre-tax basis ($0.6 million on an after-tax basis), $1.0 million legal settlement on a pre-tax basis ($0.6 million on an after-tax basis), and $0.2 million in severance costs on both a pre-tax and after-tax basis, partially offset by $1.1 million net gains related to real estate and dealership transactions on a pre-tax basis ($0.6 million on an after-tax basis). These non-core items have been excluded from our U.S. GAAP results in the following discussion of "adjusted" results. Please see "Non-GAAP Financial Measures" for further explanation and reconciliation of the U.S. GAAP and non-GAAP data.
For the three months ended June 30, 2016, our total revenues increased 2.1% from 2015 levels to $2.8 billion, reflecting a 51.8% increase in the U.K., partially offset by decreases of 3.5% and 18.0% in the U.S. and Brazil, respectively. Both the British pound sterling and the Brazilian real weakened versus the U.S. Dollar for the three-month period ended June 30, 2016, as compared to the same period a year ago, further tempering our 2016 results. The increase in all of our financial results in the U.K. for the three and six months ended June 30, 2016 compared to 2015 were primarily explained by the incremental number of dealerships owned and operated, due to the acquisition of a dealership group in early February 2016. Total gross profit improved $18.5 million, or 4.7%, to $410.1 million for the second quarter of 2016 over the prior year period, primarily as a result of a $20.4 million, or 60.2% increase in our U.K. operations. Our U.K. gross profit growth results were primarily driven by a 57.9% increase in our new vehicle retail sales business, 60.0% improvement in our parts and service business, and a 66.1% growth in our finance and insurance business. For the six months ended June 30, 2016, total revenues increased 4.5% from 2015 levels to $5.4 billion, primarily driven by a 48.0% increase in our U.K. segment. Also for the six months ended June 30, 2016, gross profit increased 5.8% over the prior year period to $799.2 million, primarily as a result of $33.0 million, or 48.5%, increase in our U.K. operations, coupled with a $20.6 million, or 3.1% increase in our U.S. operations. Selling, General and Administrative expenses ("SG&A") rose 6.6% in the second quarter of 2016, as compared to the prior year period, primarily as a result of a 58.1% increase in our U.K. segment. The increase in U.K. SG&A is primarily the result of the incremental number of dealerships owned and operated in the U.K. For the six months ended June 30, 2016, SG&A rose 7.4% over the prior year period, driven by increases of 4.6% and 49.0% in our U.S. and U.K. segments, respectively. The increase in the U.S. was primarily driven by increases in other variable costs associated with vehicle inventory levels, as well as the expansion of our fixed operations business. The increase in the U.K. is explained by the general correlation of variable costs, including salesperson commission payments, and vehicle sales, as well as the incremental number of dealerships owned and operated in the U.K. On an adjusted basis, SG&A rose 5.9% and 6.5% for the three and six months ended June 30, 2016, respectively. For the three months ended June 30, 2016, we generated a 0.6% increase in net income to $46.6 million and an 11.0% increase in diluted income per share to $2.12 as compared to the three months ended June 30, 2015. For the six months

39


ended June 30, 2016, we experienced a 1.5% decrease in net income to $80.9 million and a 5.6% increase in diluted income per share to $3.57 as compared to the six months ended June 30, 2015. On an adjusted basis for the three months ended June 30, 2016, we realized a 1.1% decrease in net income to $47.4 million and a 9.1% increase in diluted income per share to $2.16 as compared to the three months ended June 30, 2015. On an adjusted basis for the six months ended June 30, 2016, we experienced a 0.9% increase in net income to $84.5 million and an 8.4% increase in diluted income per share to $3.73. The increases in our diluted income per share can be attributed to decreases of 9.6% and 6.9% in our weighted average diluted common shares outstanding for the three and six months ended June 30, 2016, respectively, over the prior year periods. The decreases in weighted average dilutive common shares outstanding were primarily the result of the repurchase of 2,808,685 shares of our common stock over the last twelve months. For the six months ended June 30, 2016, our net cash provided by operations increased $92.2 million over the prior year period to $172.9 million, primarily driven by a $90.4 million increase in the net change in operating assets and liabilities. On an adjusted basis, our net cash provided by operations increased $15.0 million over the prior year period to $152.1 million, primarily driven by a $13.3 million increase in the net change in operating assets and liabilities. See "Liquidity and Capital Resources" and "Non-GAAP Financial Measures" for details regarding adjustments to cash flow.
Key Performance Indicators
Consolidated Statistical Data
The following table highlights certain of the key performance indicators we use to manage our business.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Unit Sales
 
 
 
 
 
 
 
 
Retail Sales
 
 
 
 
 
 
 
 
New Vehicle
 
43,644

 
44,765

 
84,425

 
84,004

Used Vehicle
 
32,951

 
31,439

 
65,742

 
61,422

Total Retail Sales
 
76,595

 
76,204

 
150,167

 
145,426

Wholesale Sales
 
13,684

 
14,627

 
28,050

 
28,567

Total Vehicle Sales
 
90,279

 
90,831

 
178,217

 
173,993

Gross Margin
 
 
 
 
 
 
 
 
New Vehicle Retail Sales
 
5.3
%
 
5.0
%
 
5.2
%
 
5.1
%
Total Used Vehicle Sales
 
5.9
%
 
5.8
%
 
6.2
%
 
6.2
%
Parts and Service Sales
 
53.8
%
 
54.5
%
 
53.9
%
 
54.0
%
Total Gross Margin
 
14.7
%
 
14.4
%
 
14.8
%
 
14.6
%
SG&A (1) as a % of Gross Profit
 
72.9
%
 
71.7
%
 
74.2
%
 
73.1
%
Adjusted SG&A (1) as a % of Gross Profit (2)
 
72.2
%
 
71.4
%
 
73.4
%
 
72.9
%
Operating Margin
 
3.5%

 
3.6%

 
3.3%

 
3.5%

Adjusted Operating Margin (2)
 
3.6%

 
3.7%

 
3.5%

 
3.5%

Pretax Margin
 
2.5%

 
2.7%

 
2.3%

 
2.5%

Adjusted Pretax Margin (2)
 
2.6%

 
2.8%

 
2.4%

 
2.6%

Finance and Insurance Revenues per Retail Unit Sold
 
$
1,404

 
$
1,381

 
$
1,383

 
$
1,374

(1) 
Selling, general and administrative expenses.
(2) 
See "Non-GAAP Financial Measures" for more details.
The following discussion briefly highlights certain of the results and trends occurring within our business. Throughout the following discussion, references may be made to Same Store results and variances which are discussed in more detail in the “Results of Operations” section that follows. Our results are impacted by changes in exchange rates relating to our U.K. and Brazil segments. As exchange rates fluctuate, our results of operations as reported in U.S. dollars fluctuate. For example, if the British pound sterling were to weaken against the U.S. dollar, our U.K. results of operations would translate into less U.S. dollar reported results. The British pound sterling weakened against the U.S. dollar as the average exchange rate during the three and six months ended June 30, 2016 decreased 6.7% and 6.3%, respectively, compared to the same periods in 2015. The Brazilian real weakened against the U.S. dollar, as well, as the average exchange rate during the three and six months ended June 30, 2016 declined 14.1% and 24.9%, respectively, as compared to the same periods in 2015.
Our consolidated revenues from new vehicle retail sales increased 0.4% and 2.9% for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015. For the second quarter of 2016, this growth was driven

40


by our U.K. operations. Our new vehicle retail unit sales in the U.K. rose 67.9% and 65.6%, respectively, for the three and six months ended June 30, 2016, as compared to the same periods in 2015, primarily reflecting the acquisition of a dealership group in early February and the improved industry conditions, as well as the continued successful execution by our operating team on key initiatives. Excluding the impact of acquisitions, for the three and six months ended June 30, 2016, new vehicle retail unit sales increased 4.2% and 8.8%, respectively, in the U.K., outpacing the growth in industry sales. The improvements in our new vehicle unit sales in the U.K. were partially offset by declines in both the U.S. and Brazil. During the three months ended June 30, 2016, industry new vehicle registrations in the U.S. remained flat as compared to the same period a year ago. Our U.S. new vehicle retail unit sales decreased 10.0% and 6.3% for the three and six months ended June 30, 2016, respectively, from the same periods a year ago, primarily due to softness in our energy-dependent markets of Texas and Oklahoma. As a result, our U.S. revenues from new vehicle retail sales declined 6.0% and 2.7% for the three and six month periods of 2016, respectively, partially offset by increases in our average new vehicle retail sales price of 4.5% and 3.9%, respectively. The increases in our average sales price were primarily due to the shift in the mix of total new retail units sold, as our truck unit sales increased to 55.6% of total new vehicle retail units sold for the three months ended June 30, 2016 as compared to 49.6% last year, generally correlating with lower gas prices. For the six months ended June 30, 2016, our truck unit sales increased to 55.3% of total new vehicle retail units sold as compared to 50.4% for the same period a year ago. For the second quarter and first half of 2016, Brazil new vehicle retail unit sales declined 19.1% and 19.8% and, on a U.S. dollar basis, new vehicle retail revenues declined 20.1% and 26.7%, respectively, when compared to the same periods in 2015, reflecting decreased consumer confidence and higher interest rates, as well as dealership dispositions. But, our operating team's sales execution outpaced an industry in Brazil that was down 21.8% for the second quarter of 2016 and 25.1% for the first half of 2016 compared to 2015. Consolidated new vehicle retail gross margin improved 30 and 10 basis points to 5.3% and 5.2% for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015, driven by a 50 and 20 basis point increase in the U.S. as a result of our operating team's disciplined new vehicle pricing that focused on increased gross profit per unit. In the U.S., we improved new vehicle gross profit per retail unit “PRU” sold 15.3% and 9.2% for the three and six months ended June 30, 2016, respectively, as compared to last year. The increase in the U.S. was partially offset by the competitive selling environment in the U.K., the worsening economic conditions in Brazil, and the impact of the change in exchange rates between periods.
Our used vehicle results are directly affected by economic conditions, the level of manufacturer incentives on new vehicles and new vehicle financing, the number and quality of trade-ins and lease turn-ins, the availability of consumer credit, and our ability to effectively manage the level and quality of our overall used vehicle inventory. Our total revenues from used vehicle retail sales increased 4.9% and 7.5% for the three and six months ended June 30, 2016, respectively, as compared to the same period in 2015, primarily due to acquisition activity and the improving industry conditions in the U.K. For the three and six months ended June 30, 2016, the U.S. generated increases in used vehicle retail revenues of 0.5% and 4.6%, respectively, while the U.K. generated increases in used vehicle retail revenues of 34.7% and 29.2%, respectively. These increases were partially offset by declines of 4.9% and 9.1% in Brazil, respectively, as the result of weaker exchange rates in 2016. On a local currency basis for the three and six months ended June 30, 2016, Brazil's used vehicle retail revenues increased 8.5% and 14.7%, respectively, as compared to the same periods a year ago. This improvement in Brazil was the result of operational management focus placed on used vehicle retail sales that is designed to mitigate the impact of the weakened new vehicle sales environment. Total used vehicle retail gross profit increased for the three and six months ended June 30, 2016, primarily as a result of growth in used vehicle retail unit sales of 4.8% and 7.0%, reflecting increases in the U.S., U.K. and Brazil. For the three months ended June 30, 2016, used vehicle retail gross profit PRU was flat when compared to a year ago as a 1.8% and 26.1% improvement in the U.K. and Brazil, respectively, was offset by 0.4% decline in the U.S. For the six months ended June 30, 2016, the improvements in used vehicle retail unit sales were partially offset by a decline in used vehicle retail gross profit PRU of 1.2%, reflecting declines of 4.0% and 13.7% in the U.K. and Brazil, respectively, as compared to the same period in 2015. The declines in the U.K. and Brazil were driven by the change in the exchange rates between periods as on a local currency basis, used vehicle retail gross profit PRU increased 1.9% in the U.K. and increased 6.7% in Brazil. In the U.S., used vehicle gross profit PRU was relatively flat for the six months ended June 30, 2016 when compared to a year ago.
Our parts and service sales increased 6.2% and 7.7% for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015. This growth was driven by increases in all aspects of our business: warranty parts and service, wholesale parts, customer-pay parts and service, and collision. Primarily, these increases were due to the execution of key management initiatives, dealership acquisition activity, an increase in the number of units being recalled, and an increase in the number of the late-model vehicles in operation, which tend to more consistently return to the dealership for warranty, maintenance and repair services. During the first six months of 2016, our warranty parts and service revenues were bolstered from high volume recall campaigns by manufacturers in the U.S. and Brazil, particularly in our Toyota, Honda, and Ford brands. Additionally, as manufacturer paid maintenance programs continue to expand in the U.S., there has been an ongoing shift of business from our customer-pay to our warranty parts and service business. The increase in our collision sales was the result of enhanced operational processes, the addition of technicians to add operating capacity, and the expansion of our relationships with insurance providers. The increase in our customer-pay parts and service and wholesales parts revenues was

41


driven by the U.S., primarily as a result of the execution of management initiatives and the incremental number of dealerships owned and operated in the U.S. Our parts and service gross margin decreased 70 and 10 basis points for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015, driven primarily by declines in the U.S. parts and service gross margin of 80 and 10 basis points for the three and six month periods of 2016, as compared to 2015. The declines in our U.S. parts and service gross margin were primarily the result of less lucrative, OEM paid recall warranty campaigns in 2016 as compared to those in 2015. Additionally, we experienced a mix shift in our U.S. parts and service gross margin as our relatively lower margin wholesale parts business grew in relation to our internal work, due to the decline in total retail vehicles sales volumes in the second quarter of 2016 compared to 2015.
Our consolidated finance and insurance revenues PRU sold increased 1.7% for the three months ended June 30, 2016, as compared to the same period in 2015, as we experienced a 4.4% increase to $1,602 in the U.S., a 7.3% increase in the U.K., and a 20.1% improvement in Brazil, partially offset by the mix effect of a relatively greater contribution from our U.K. segment. In total, our increase in income per contract and penetration rates on many of our product offerings were partially offset by an increase in our overall chargeback experience. For the six months ended June 30, 2016, our consolidated finance insurance revenues PRU sold remained relatively flat when compared to the same period a year ago.
Our total consolidated gross margin increased 30 basis points for the three months ended June 30, 2016 to 14.7%, as compared to the same period in 2015. Declines in the parts and service sector of our business were more than offset by improvements in our new and used vehicle results. For the six months ended June 30, 2016, our total consolidated gross margin increased 20 basis points directly as a result of improved new vehicle margins.
Our consolidated SG&A expenses increased in absolute dollars by 6.6% and 7.4% for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015, primarily as a result of the incremental number of dealerships owned and operated in the U.S. and U.K. and increased personnel costs primarily driven by commission payments as a result of higher new vehicle margins, as well as higher insurance deductible charges relating to catastrophic weather events in the U.S. In addition, during 2016, we have experienced additional loaner vehicle costs as we continued to service a large amount of customers affected by recalled vehicles. Further, as a result of the stop sale on a number of vehicle models due to recall campaigns, we have experienced higher costs due to increased vehicle inventory levels during 2016. Our consolidated SG&A expenses as a percentage of gross profit increased 120 basis points to 72.9% and 110 basis points to 74.2% for the second quarter and first half of 2016, respectively, as compared to the same periods a year ago. On an adjusted basis, our consolidated SG&A expenses as a percentage of gross profit increased by 80 and 50 basis points to 72.2% and 73.4% for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015. These increases were partially due to the mix effect of increased U.K. operations which inherently have a higher cost structure and the lack of leveraging the increased gross profit in 2016 due to the higher costs as discussed above.
The combination of all of these factors resulted in an operating margin of 3.5% and 3.3% for the three and six months ended June 30, 2016, respectively. This reflects a 10 and 20 basis-point decline compared to the same periods in 2015. On an adjusted basis, operating margin declined 10 basis points for the three months ended June 30, 2016 to 3.6% and remained flat at 3.5% for the first six months of 2016, as compared to the same periods in 2015.
For the three and six months ended June 30, 2016, floorplan interest expense increased 15.8% and 16.7%, respectively, as compared to the same periods in 2015. The increases were primarily driven by the U.S. and U.K. due to an increase in our weighted average floorplan borrowings from increased inventory levels. During the first quarter of 2016, we experienced an increase in our supply of luxury brand units, as our OEM partners have redirected additional supply to the U.S. and U.K to offset weakness in other global markets. Additionally, during the first half of 2016, several manufacturers have issued stop sales on a number of vehicle models due to recall campaigns, which has contributed to an increase in our new and used inventory. These increases in the U.S. and U.K. were offset by a decline in Brazil as a result of improvements in vehicle inventory management processes and the change in exchange rates between periods. Other interest expense, net increased 17.4% and 19.5% for the three and six months ended June 30, 2016, respectively, as compared to the same periods in 2015, primarily attributable to interest incurred on our 5.25% Notes offerings. As a partial offset, the vast majority of the proceeds from the 5.25% Notes offerings were used to fund the outstanding borrowings of the Company’s acquisition line of credit, pay off certain mortgages, contribute to the Company’s floorplan offset accounts, and for general corporate purposes.
We address these items further, and other variances between the periods presented, in the “Results of Operations” section below.
Critical Accounting Policies and Accounting Estimates
The preparation of our Consolidated Financial Statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions. The majority vote in favor of Brexit has created uncertainty in the global markets and in the regulatory environment in the U.K., as well as the overall European Union. The impact on our financial results and operations m

42


ay not be known for some time, but could be adverse. In addition, automotive dealers in the U.K. rely on the legislative doctrine of "Block Exemption" to govern market representation activities of competing dealers and dealer groups. To date, there has been no clear indication of how such legislation may be effected by Brexit, but a change to such legislation could be adverse. If, as a result of the clarification of any of these uncertainties, the assumptions utilized in our annual impairment test for goodwill and intangible franchise rights change or fail to materialize, the resulting decline in the estimated fair market value of such assets could result in a material non-cash impairment charge.
We disclosed certain critical accounting policies and estimates in our 2015 Form 10-K, and no other significant changes have occurred since that time.
Results of Operations
The "Same Store" amounts presented below include the results of dealerships for the identical months in each period presented in comparison, commencing with the first full month in which the dealership was owned by us and, in the case of dispositions, ending with the last full month it was owned by us. The following table summarizes our combined Same Store results for the three and six months June 30, 2016, as compared to 2015. Same Store results also include the activities of our corporate headquarters.
Total Same Store Data
(dollars in thousands, except per unit amounts)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
New Vehicle Retail
 
$
1,419,708

 
(5.2)%
 
$
1,497,389

 
 
$
2,715,616

 
(3.3)%
 
$
2,807,442

Used Vehicle Retail
 
672,138

 
0.5%
 
668,999

 
 
1,321,197

 
3.1%
 
1,280,904

Used Vehicle Wholesale
 
86,496

 
(12.2)%
 
98,510

 
 
176,949

 
(9.9)%
 
196,347

Parts and Service
 
303,586

 
3.3%
 
293,847

 
 
594,585

 
4.3%
 
569,861

Finance, Insurance and Other
 
102,566

 
(1.0)%
 
103,621

 
 
198,183

 
0.5%
 
197,182

Total Revenues
 
$
2,584,494

 
(2.9)%
 
$
2,662,366

 
 
$
5,006,530

 
(0.9)%
 
$
5,051,736

Cost of Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
New Vehicle Retail
 
$
1,345,102

 
(5.5)%
 
$
1,423,377

 
 
$
2,575,088

 
(3.4)%
 
$
2,664,963

Used Vehicle Retail
 
626,231

 
0.4%
 
623,748

 
 
1,228,487

 
3.2%
 
1,190,144

Used Vehicle Wholesale
 
86,627

 
(12.8)%
 
99,377

 
 
175,367

 
(9.9)%
 
194,603

Parts and Service
 
141,003

 
5.5%
 
133,690

 
 
274,668

 
4.8%
 
262,002

Total Cost of Sales
 
$
2,198,963

 
(3.6)%
 
$
2,280,192

 
 
$
4,253,610

 
(1.3)%
 
$
4,311,712

Gross Profit
 
$
385,531

 
0.9%
 
$
382,174

 
 
$
752,920

 
1.7%
 
$
740,024

SG&A
 
$
279,082

 
2.4%
 
$
272,567

 
 
$
554,409

 
3.3%
 
$
536,450

Adjusted SG&A (1)
 
$
276,063

 
2.2%
 
$
270,044

 
 
$
548,010

 
2.6%
 
$
533,927

Depreciation and Amortization Expenses
 
$
11,957

 
4.7%
 
$
11,419

 
 
$
23,720

 
4.9%
 
$
22,612

Floorplan Interest Expense
 
$
10,773

 
10.0%
 
$
9,798

 
 
$
21,194

 
10.8%
 
$
19,123

Gross Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
New Vehicle Retail
 
5.3
%
 
 
 
4.9
%
 
 
5.2
%
 
 
 
5.1
%
Total Used Vehicle
 
6.0
%
 
 
 
5.8
%
 
 
6.3
%
 
 
 
6.3
%
Parts and Service
 
53.6
%
 
 
 
54.5
%
 
 
53.8
%
 
 
 
54.0
%
Total Gross Margin
 
14.9
%
 
 
 
14.4
%
 
 
15.0
%
 
 
 
14.6
%
SG&A as a % of Gross Profit
 
72.4
%
 
 
 
71.3
%
 
 
73.6
%
 
 
 
72.5
%
Adjusted SG&A as a % of Gross Profit (1)
 
71.6
%
 
 
 
70.7
%
 
 
72.8
%
 
 
 
72.1
%
Operating Margin
 
3.6%

 
 
 
3.7%

 
 
3.5%

 
 
 
3.6%

Adjusted Operating Margin (1)
 
3.8%

 
 
 
3.8%

 
 
3.6%

 
 
 
3.6%

Finance and Insurance Revenues per Retail Unit Sold
 
$
1,435

 
3.1%
 
$
1,392

 
 
$
1,411

 
2.0%
 
$
1,384

(1)See "Non-GAAP Financial Measures" for more details.
The discussion that follows provides explanation for the variances noted above. Each table presents by primary income statement line item comparative financial and non-financial data of our Same Store locations, those locations acquired or disposed of (“Transactions”) during the periods and the consolidated company for the three and six months ended June 30, 2016 and 2015.
Our Same Store operating results as reported on a U.S. GAAP basis for the three months ended June 30, 2016 were negatively impacted by the following non-core items (on a pre-tax basis): $2.8 million of losses related to catastrophic events and $0.3 million of net losses related to real estate and dealership transactions. For the six months ended June 30, 2016, our Same Store operating results were negatively impacted by the following non-core items (on a pre-tax basis): $5.4 million of losses related to catastrophic events, $0.9 million of non-cash impairment charges, $0.6 million of acquisition costs, and $0.3 million of net losses related to real estate and dealership transactions. On a comparable basis, our operating results as reported

43


on a U.S. GAAP basis for the three and six months ended June 30, 2015 were negatively impacted by the following non-core items (on a pre-tax basis): $1.0 million charge related to vehicle inventory losses from flooding in Houston, Texas, a legal settlement of $1.0 million, a $0.4 million loss related to real estate and dealership transactions, and $0.2 million in severance costs. These non-core items have been excluded from our U.S. GAAP results in the following discussion of "adjusted" results. Please see "Non-GAAP Financial Measures" for further explanation and reconciliation of the Same Store U.S. GAAP and non-GAAP data.
    

44


New Vehicle Retail Data
(dollars in thousands, except per unit amounts)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Retail Unit Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
32,756

 
(9.2)%
 
36,082

 
 
62,728

 
(6.4)%
 
67,021

U.K.
 
4,882

 
4.2%
 
4,686

 
 
10,003

 
8.8%
 
9,195

Brazil
 
2,445

 
(13.7)%
 
2,832

 
 
5,004

 
(15.3)%
 
5,911

Total Same Stores
 
40,083

 
(8.1)%
 
43,600

 
 
77,735

 
(5.3)%
 
82,127

Transactions
 
3,561

 
 
 
1,165

 
 
6,690

 
 
 
1,877

Total
 
43,644

 
(2.5)%
 
44,765

 
 
84,425

 
0.5%
 
84,004

Retail Sales Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 

 
 
 
 
 
 
 
 
 
U.S.
 
$
1,181,468

 
(5.4)%
 
$
1,249,136

 
 
$
2,242,595

 
(3.2)%
 
$
2,317,539

U.K.
 
167,601

 
4.6%
 
160,246

 
 
340,212

 
9.2%
 
311,457

Brazil
 
70,639

 
(19.7)%
 
88,007

 
 
132,809

 
(25.6)%
 
178,446

Total Same Stores
 
1,419,708

 
(5.2)%
 
1,497,389

 
 
2,715,616

 
(3.3)%
 
2,807,442

Transactions
 
121,051

 
 
 
36,873

 
 
234,993

 
 
 
59,544

Total
 
$
1,540,759

 
0.4%
 
$
1,534,262

 
 
$
2,950,609

 
2.9%
 
$
2,866,986

Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
60,242

 
4.4%
 
$
57,689

 
 
$
112,085

 
1.6%
 
$
110,337

U.K.
 
10,578

 
8.1%
 
9,785

 
 
20,868

 
5.7%
 
19,736

Brazil
 
3,786

 
(42.1)%
 
6,538

 
 
7,575

 
(38.9)%
 
12,406

Total Same Stores
 
74,606

 
0.8%
 
74,012

 
 
140,528

 
(1.4)%
 
142,479

Transactions
 
6,542

 
 
 
2,118

 
 
12,347

 
 
 
3,382

Total
 
$
81,148

 
6.6%
 
$
76,130

 
 
$
152,875

 
4.8%
 
$
145,861

Gross Profit per Retail Unit Sold
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 

 

 
 
 
 
 
 
 
 
 
U.S.
 
$
1,839

 
15.0%
 
$
1,599

 
 
$
1,787

 
8.6%
 
$
1,646

U.K.
 
$
2,167

 
3.8%
 
$
2,088

 
 
$
2,086

 
(2.8)%
 
$
2,146

Brazil
 
$
1,548

 
(33.0)%
 
$
2,309

 
 
$
1,514

 
(27.9)%
 
$
2,099

Total Same Stores
 
$
1,861

 
9.6%
 
$
1,698

 
 
$
1,808

 
4.2%
 
$
1,735

Transactions
 
$
1,837

 
 
 
$
1,818

 
 
$
1,846

 
 
 
$
1,802

Total
 
$
1,859

 
9.3%
 
$
1,701

 
 
$
1,811

 
4.3%
 
$
1,736

Gross Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
5.1
%
 
 
 
4.6
%
 
 
5.0
%
 
 
 
4.8
%
U.K.
 
6.3
%
 
 
 
6.1
%
 
 
6.1
%
 
 
 
6.3
%
Brazil
 
5.4
%
 
 
 
7.4
%
 
 
5.7
%
 
 
 
7.0
%
Total Same Stores
 
5.3
%
 

 
4.9
%
 
 
5.2
%
 
 
 
5.1
%
Transactions
 
5.4
%
 
 
 
5.7
%
 
 
5.3
%
 
 
 
5.7
%
Total
 
5.3
%
 
 
 
5.0
%
 
 
5.2
%
 
 
 
5.1
%

45


Same Store New Vehicle Unit Sales
The following table sets forth our Same Store new vehicle retail unit sales volume by manufacturer.
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Toyota/Scion/Lexus
 
10,752

 
(8.3)%
 
11,719

 
 
20,453

 
(6.1)%
 
21,785

BMW/MINI
 
5,054

 
(0.2)%
 
5,066

 
 
9,786

 
1.4%
 
9,647

Ford/Lincoln
 
4,769

 
(4.6)%
 
5,000

 
 
9,450

 
(2.7)%
 
9,714

Honda/Acura
 
4,525

 
(6.5)%
 
4,839

 
 
8,820

 
(2.6)%
 
9,051

Chevrolet/GMC/Buick/Cadillac
 
3,318

 
1.5%
 
3,268

 
 
6,517

 
5.2%
 
6,197

Volkswagen/Audi/Porsche
 
2,937

 
(0.7)%
 
2,958

 
 
5,274

 
1.7%
 
5,184

Nissan
 
2,705

 
(21.2)%
 
3,433

 
 
5,858

 
(15.3)%
 
6,915

Hyundai/Kia
 
1,880

 
(34.2)%
 
2,857

 
 
3,817

 
(24.8)%
 
5,075

Chrysler/Dodge/Jeep/RAM
 
1,810

 
(15.3)%
 
2,138

 
 
3,433

 
(11.9)%
 
3,897

Mercedes-Benz/smart/Sprinter
 
1,643

 
(5.0)%
 
1,730

 
 
2,964

 
(6.4)%
 
3,168

Other
 
690

 
16.6%
 
592

 
 
1,363

 
(8.8)%
 
1,494

Total
 
40,083

 
(8.1)%
 
43,600

 
 
77,735

 
(5.3)%
 
82,127

In total, our Same Store new vehicle retail unit sales decreased 8.1% for the three months ended June 30, 2016, as compared to the same period in 2015. The decrease was primarily driven by decreases of 9.2% and 13.7% in our Same Store U.S. and Brazil segments, respectively. The decline in our U.S. new vehicle retail unit sales was primarily due to softness in the energy markets, an overall decline in new vehicle retail demand and a heightened focus on new vehicle margins. Overall, the U.S. seasonally adjusted annual selling rate declined 2.4% from 17.0 million units in June 2015 to 16.6 million units in June 2016, and has declined from an average of 17.2 million units for the three months ended June 30, 2015 to 17.1 million units for the three months ended June 30, 2016. The 13.7% decline in our Same Store new vehicle retail unit sales in Brazil reflected the continued local economic challenges. Despite these challenges, we outpaced the market as total Brazil industry sales were down 21.8% for the three months ended June 30, 2016. Partially offsetting the declines in the U.S. and Brazil was a 4.2% increase in our U.K. Same Store new vehicle retail unit sales for the three months ended June 30, 2016 compared to a year ago. The increase in the U.K. represents growth of 10.0% in our BMW/MINI brands and 10.4% in our Audi brands for the three months ended June 30, 2016 as compared to the same period last year, primarily due to enhanced sales processes, as well as an increase in overall U.K. industry sales. For the quarter ended June 30, 2016, U.K. industry sales increased 1.0% as compared to the same period last year. For the six months ended June 30, 2016, as compared to the same period in 2015, total Same Store new vehicle retail unit sales decreased 5.3%, primarily driven by decreases of 6.4% in the U.S. and 15.3% in Brazil, partially offset by an 8.8% increase in the U.K. The increase in the U.K. was the result of improved sales processes, as well as increased demand as industry sales reached a record level surpassing 1.4 million registrations in the first six months of 2016, which was an increase of 3.2% over last year.
Our total Same Store revenues from new vehicle retail sales revenue decreased 5.2% for the three months ended June 30, 2016, as compared to the same period in 2015. The decrease in total Same Store new vehicle revenue was primarily driven by a decrease in the U.S., where our new vehicle retail sales decreased 5.4% for the three months ended June 30, 2016 as compared to the same period in 2015. New vehicle retail units in the U.S. declined 9.2%, but was partially offset by a 4.2% increase in the average new vehicle retail sales price to $36,069. The increase in U.S. Same Store new vehicle retail price was primarily due to a mix shift in sales from cars to trucks, generally driven by lower gas prices. For the second quarter of 2016, U.S. new vehicle retail truck sales represented 55.6% of total Same Store new vehicle retail units sold, as compared to 49.8% for the same period last year. The 19.7% decrease in our Brazil Same Store new vehicle retail sales revenue reflected the 13.7% decline in new vehicle retail units coupled with the impact of the change of the exchange rates between periods. On a local currency basis, our Brazil Same Store average vehicle retail sales price increased 6.1% and revenue was only down 8.4%. Our U.K. Same Store new vehicle revenues increased 4.6% for the three months ended June 30, 2016 as compared to the same period last year, reflecting a 4.2% increase in new vehicle retail units sold. On a local currency basis, our U.K. Same Store new vehicle retail revenues increased 11.8% for the second quarter of 2016, primarily as a result of a 7.3% improvement in the average retail sales price and the increase in new vehicle retail units when compared to 2015. For the six months ended June 30, 2016, as compared to the same period a year ago, total Same Store new vehicle sales revenue declined by 3.3%, primarily driven by a 3.2% decrease in the U.S. as well as a 25.6% decrease in Brazil. The decreases in new vehicle sales revenues in the U.S. and Brazil primarily relate to a decrease of 6.4% and 15.3% in new vehicle retail units, respectively. The decrease in our total Same Store new vehicle retail sales revenue was partially offset by a 9.2% increase in the U.K., reflecting an 8.8% increase in new vehicle retail units sold. The level of retail sales, as well as our own ability to retain or grow market share during any future period, is difficult to predict.

46


Our total Same Store new vehicle gross profit increased 0.8% for the three months ended June 30, 2016, as compared to the same period in 2015. The increase was driven by both the U.S. and U.K., partially offset by the decrease in our Brazil segment. In the U.S., Same Store new vehicle gross profit increased 4.4%, explained by a 15.0% increase in gross profit PRU to $1,839 as a result of our operating team's disciplined new vehicle pricing which focused on increasing gross profit per retail unit. Same Store new vehicle gross profit in the U.K. increased 8.1%, primarily due to the increase in new vehicle sales volume along with an increase in gross profit PRU of 3.8% to $2,167. In Brazil, Same Store new vehicle gross profit declined 42.1% and gross profit PRU declined 33.0% for the three months ended June 30, 2016. The decrease in gross profit in Brazil was primarily explained by the 13.7% decline in units sold, the continued local economic challenges, and the impact of weaker exchange rates. As a result, our total Same Store new vehicle gross margin for the three months ended June 30, 2016 as compared to the same period in 2015 increased 40 basis points from 4.9% to 5.3%. For the six months ended June 30, 2016, as compared to the same period a year ago, total Same Store gross profit decreased by 1.4%, driven by a decrease of 38.9% in Brazil, partially offset by increases of 1.6% and 5.7% in the U.S. and U.K., respectively. For the six months ended June 30, 2016, our total Same Store new vehicle gross margin increased 10 basis points to 5.2%, as compared to 5.1% in the same period in 2015.
Most manufacturers offer interest assistance to offset floorplan interest charges incurred in connection with inventory purchases. This assistance varies by manufacturer, but generally provides for a defined amount, adjusted periodically for changes in market interest rates, regardless of our actual floorplan interest rate or the length of time for which the inventory is financed. We record these incentives as a reduction of new vehicle cost of sales as the vehicles are sold, impacting the gross profit and gross margin detailed above. The total assistance recognized in cost of sales during the three months ended June 30, 2016 and 2015 was $12.3 million and $12.8 million, respectively. The amount of interest assistance we recognize in a given period is primarily a function of: (a) the mix of units being sold, as U.S. domestic brands tend to provide more assistance, (b) the specific terms of the respective manufacturers' interest assistance programs and market interest rates, (c) the average wholesale price of inventory sold, and (d) our rate of inventory turnover. Over the past three years, consolidated manufacturers' interest assistance as a percentage of our total consolidated floorplan interest expense has ranged from 90.0% in the first quarter of 2014 to 139.9% in the third quarter of 2015. In total, manufacturers' interest assistance was 106.3% of floorplan interest expense in the second quarter of 2016. And, in the U.S., manufacturers' interest assistance was 116.3% of floorplan interest expense in the second quarter of 2016.
We decreased our new vehicle inventory levels by, 0.3%, or $4.3 million, from $1,262.8 million as of December 31, 2015 to $1,258.5 million as of June 30, 2016 and increased by $82.9 million, or 7.0%, from $1,175.6 million as of June 30, 2015. This increase from June 30, 2015 was primarily in response to an improved selling environment in the U.K. and the acquisition of additional dealerships. Additionally, several manufacturers have issued stop sales on a number of vehicle models due to recall campaigns, which has contributed to an increase in our new vehicle inventory. Our consolidated days' supply of new vehicle inventory was 73 days as of June 30, 2016, which is up from 67 days as of December 31, 2015 and up from 65 days as of June 30, 2015.

47


Used Vehicle Retail Data
(dollars in thousands, except per unit amounts)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Retail Unit Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
26,524

 
0.6%
 
26,367

 
 
52,672

 
3.0%
 
51,128

U.K.
 
3,815

 
4.9%
 
3,638

 
 
7,711

 
5.9%
 
7,281

Brazil
 
1,045

 
25.5%
 
833

 
 
2,362

 
24.1%
 
1,903

Total Same Stores
 
31,384

 
1.8%
 
30,838

 
 
62,745

 
4.0%
 
60,312

Transactions
 
1,567

 
 
 
601

 
 
2,997

 
 
 
1,110

Total
 
32,951

 
4.8%
 
31,439

 
 
65,742

 
7.0%
 
61,422

Retail Sales Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
565,026

 
0.7%
 
$
560,972

 
 
$
1,103,647

 
3.8%
 
$
1,063,036

U.K.
 
90,470

 
(0.8)%
 
91,172

 
 
181,986

 
0.9%
 
180,308

Brazil
 
16,642

 
(1.3)%
 
16,855

 
 
35,564

 
(5.3)%
 
37,560

Total Same Stores
 
672,138

 
0.5%
 
668,999

 
 
1,321,197

 
3.1%
 
1,280,904

Transactions
 
43,640

 
 
 
13,295

 
 
82,752

 
 
 
24,583

Total
 
$
715,778

 
4.9%
 
$
682,294

 
 
$
1,403,949

 
7.5%
 
$
1,305,487

Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
39,567

 
(0.2)%
 
$
39,628

 
 
$
81,361

 
2.2%
 
$
79,637

U.K.
 
5,165

 
5.5%
 
4,894

 
 
9,608

 
0.8%
 
9,531

Brazil
 
1,175

 
61.2%
 
729

 
 
1,741

 
9.4%
 
1,592

Total Same Stores
 
45,907

 
1.4%
 
45,251

 
 
92,710

 
2.1%
 
90,760

Transactions
 
2,358

 
 
 
808

 
 
4,755

 
 
 
1,420

Total
 
$
48,265

 
4.8%
 
$
46,059

 
 
$
97,465

 
5.7%
 
$
92,180

Gross Profit per Unit Sold
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
1,492

 
(0.7)%
 
$
1,503

 
 
$
1,545

 
(0.8)%
 
$
1,558

U.K.
 
$
1,354

 
0.7%
 
$
1,345

 
 
$
1,246

 
(4.8)%
 
$
1,309

Brazil
 
$
1,124

 
28.5%
 
$
875

 
 
$
737

 
(11.9)%
 
$
837

Total Same Stores
 
$
1,463

 
(0.3)%
 
$
1,467

 
 
$
1,478

 
(1.8)%
 
$
1,505

Transactions
 
$
1,505

 
 
 
$
1,344

 
 
$
1,587

 
 
 
$
1,279

Total
 
$
1,465

 
—%
 
$
1,465

 
 
$
1,483

 
(1.2)%
 
$
1,501

Gross Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
7.0
%
 
 
 
7.1
%
 
 
7.4
%
 
 
 
7.5
%
U.K.
 
5.7
%
 
 
 
5.4
%
 
 
5.3
%
 
 
 
5.3
%
Brazil
 
7.1
%
 
 
 
4.3
%
 
 
4.9
%
 
 
 
4.2
%
Total Same Stores
 
6.8
%
 

 
6.8
%
 
 
7.0
%
 
 
 
7.1
%
Transactions
 
5.4
%
 
 
 
6.1
%
 
 
5.7
%
 
 
 
5.8
%
Total
 
6.7
%
 
 
 
6.8
%
 
 
6.9
%
 
 
 
7.1
%

48


Used Vehicle Wholesale Data
(dollars in thousands, except per unit amounts)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Wholesale Unit Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
9,368

 
(14.5)%
 
10,955

 
 
19,480

 
(8.6)%
 
21,311

U.K.
 
3,021

 
2.2%
 
2,956

 
 
6,060

 
2.9%
 
5,891

Brazil
 
165

 
(47.5)%
 
314

 
 
456

 
(34.7)%
 
698

Total Same Stores
 
12,554

 
(11.7)%
 
14,225

 
 
25,996

 
(6.8)%
 
27,900

Transactions
 
1,130

 
 
 
402

 
 
2,054

 
 
 
667

Total
 
13,684

 
(6.4)%
 
14,627

 
 
28,050

 
(1.8)%
 
28,567

Wholesale Sales Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
61,047

 
(14.1)%
 
$
71,101

 
 
$
126,125

 
(8.9)%
 
$
138,481

U.K.
 
24,789

 
(3.8)%
 
25,755

 
 
49,577

 
(7.9)%
 
53,833

Brazil
 
660

 
(60.1)%
 
1,654

 
 
1,247

 
(69.1)%
 
4,033

Total Same Stores
 
86,496

 
(12.2)%
 
98,510

 
 
176,949

 
(9.9)%
 
196,347

Transactions
 
9,783

 
 
 
3,002

 
 
20,922

 
 
 
5,357

Total
 
$
96,279

 
(5.2)%
 
$
101,512

 
 
$
197,871

 
(1.9)%
 
$
201,704

Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
(3
)
 
99.2%
 
$
(354
)
 
 
$
1,088

 
(38.0)%
 
$
1,755

U.K.
 
(175
)
 
72.3%
 
(632
)
 
 
412

 
232.5%
 
(311
)
Brazil
 
47

 
(60.5)%
 
119

 
 
82

 
(72.7)%
 
300

Total Same Stores
 
(131
)
 
84.9%
 
(867
)
 
 
1,582

 
(9.3)%
 
1,744

Transactions
 
79

 
 
 
(66
)
 
 
(185
)
 
 
 
2

Total
 
$
(52
)
 
94.4%
 
$
(933
)
 
 
$
1,397

 
(20.0)%
 
$
1,746

Gross Profit per Wholesale Unit Sold
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$

 
100.0%
 
$
(32
)
 
 
$
56

 
(31.7)%
 
$
82

U.K.
 
$
(58
)
 
72.9%
 
$
(214
)
 
 
$
68

 
228.3%
 
$
(53
)
Brazil
 
$
285

 
(24.8)%
 
$
379

 
 
$
180

 
(58.1)%
 
$
430

Total Same Stores
 
$
(10
)
 
83.6%
 
$
(61
)
 
 
$
61

 
(3.2)%
 
$
63

Transactions
 
$
70

 
 
 
$
(164
)
 
 
$
(90
)
 
 
 
$
3

Total
 
$
(4
)
 
93.8%
 
$
(64
)
 
 
$
50

 
(18.0)%
 
$
61

Gross Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
 %
 
 
 
(0.5
)%
 
 
0.9
 %
 
 
 
1.3
 %
U.K.
 
(0.7
)%
 
 
 
(2.5
)%
 
 
0.8
 %
 
 
 
(0.6
)%
Brazil
 
7.1
 %
 
 
 
7.2
 %
 
 
6.6
 %
 
 
 
7.4
 %
Total Same Stores
 
(0.2
)%
 

 
(0.9
)%
 
 
0.9
 %
 
 
 
0.9
 %
Transactions
 
0.8
 %
 
 
 
(2.2
)%
 
 
(0.9
)%
 
 
 
 %
Total
 
(0.1
)%
 
 
 
(0.9
)%
 
 
0.7
 %
 
 
 
0.9
 %
 

49


Total Used Vehicle Data
(dollars in thousands, except per unit amounts)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Used Vehicle Unit Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
35,892

 
(3.8)%
 
37,322

 
 
72,152

 
(0.4)%
 
72,439

U.K.
 
6,836

 
3.7%
 
6,594

 
 
13,771

 
4.5%
 
13,172

Brazil
 
1,210

 
5.5%
 
1,147

 
 
2,818

 
8.3%
 
2,601

Total Same Stores
 
43,938

 
(2.5)%
 
45,063

 
 
88,741

 
0.6%
 
88,212

Transactions
 
2,697

 
 
 
1,003

 
 
5,051

 
 
 
1,777

Total
 
46,635

 
1.2%
 
46,066

 
 
93,792

 
4.2%
 
89,989

Sales Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
626,073

 
(0.9)%
 
$
632,073

 
 
$
1,229,772

 
2.4%
 
$
1,201,517

U.K.
 
115,259

 
(1.4)%
 
116,927

 
 
231,563

 
(1.1)%
 
234,141

Brazil
 
17,302

 
(6.5)%
 
18,509

 
 
36,811

 
(11.5)%
 
41,593

Total Same Stores
 
758,634

 
(1.2)%
 
767,509

 
 
1,498,146

 
1.4%
 
1,477,251

Transactions
 
53,423

 
 
 
16,297

 
 
103,674

 
 
 
29,940

Total
 
$
812,057

 
3.6%
 
$
783,806

 
 
$
1,601,820

 
6.3%
 
$
1,507,191

Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
39,564

 
0.7%
 
$
39,274

 
 
$
82,449

 
1.3%
 
$
81,392

U.K.
 
4,990

 
17.1%
 
4,262

 
 
10,020

 
8.7%
 
9,220

Brazil
 
1,222

 
44.1%
 
848

 
 
1,823

 
(3.6)%
 
1,892

Total Same Stores
 
45,776

 
3.1%
 
44,384

 
 
94,292

 
1.9%
 
92,504

Transactions
 
2,437

 
 
 
742

 
 
4,570

 
 
 
1,422

Total
 
$
48,213

 
6.8%
 
$
45,126

 
 
$
98,862

 
5.3%
 
$
93,926

Gross Profit per Unit Sold
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
1,102

 
4.8%
 
$
1,052

 
 
$
1,143

 
1.7%
 
$
1,124

U.K.
 
$
730

 
13.0%
 
$
646

 
 
$
728

 
4.0%
 
$
700

Brazil
 
$
1,010

 
36.7%
 
$
739

 
 
$
647

 
(11.0)%
 
$
727

Total Same Stores
 
$
1,042

 
5.8%
 
$
985

 
 
$
1,063

 
1.3%
 
$
1,049

Transactions
 
$
904

 
 
 
$
740

 
 
$
905

 

 
$
800

Total
 
$
1,034

 
5.5%
 
$
980

 
 
$
1,054

 
1.0%
 
$
1,044

Gross Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
6.3
%
 
 
 
6.2
%
 
 
6.7
%
 
 
 
6.8
%
U.K.
 
4.3
%
 
 
 
3.6
%
 
 
4.3
%
 
 
 
3.9
%
Brazil
 
7.1
%
 
 
 
4.6
%
 
 
5.0
%
 
 
 
4.5
%
Total Same Stores
 
6.0
%
 
 
 
5.8
%
 
 
6.3
%
 
 
 
6.3
%
Transactions
 
4.6
%
 
 
 
4.6
%
 
 
4.4
%
 
 
 
4.7
%
Total
 
5.9
%
 
 
 
5.8
%
 
 
6.2
%
 
 
 
6.2
%
In addition to factors such as general economic conditions and consumer confidence, our used vehicle business is affected by the level of manufacturer incentives on new vehicles and new vehicle financing, the number and quality of used vehicle trade-ins and lease turn-ins, the availability of consumer credit, and our ability to effectively manage the level and quality of our overall used vehicle inventory.
Our total Same Store used vehicle retail revenues increased $3.1 million, or 0.5%, for the three months ended June 30, 2016, as compared to the same period in 2015, reflecting a 1.8% increase in total Same Store used vehicle retail unit sales, partially offset by a 1.3% decrease in average used vehicle retail selling price to $21,417. In the U.S., Same Store used vehicle retail revenues increased $4.1 million, or 0.7%, reflecting a 0.6% increase in used vehicle retail unit sales coupled with a 0.1%,

50


or $26, increase in average used vehicle retail sales price for the three months ended June 30, 2016, as compared to the same period in the prior year. This increase in the U.S. was achieved despite a volume decline of 7.5% in Same Store certified pre-owned ("CPO") units sold for the three months ended June 30, 2016, as compared to the same period of 2015. As a percentage of U.S. Same Store used vehicle retail unit sales, CPO units decreased 240 basis points to 26.8% for the second quarter of 2016, as compared to 29.2% for the same period in 2015. In the U.K., Same Store used vehicle retail revenues decreased by 0.8% for the quarter ended June 30, 2016, as compared to the same period in 2015. This decline can be more than explained by a change in exchange rates. On a local currency basis, our U.K. Same Store used vehicle retail revenue increased 5.9%, driven by a 4.9% increase in Same Store used vehicle retail unit sales and a 1.0% increase in the average used vehicle retail sales price. Similarly in Brazil, for the three months ended June 30, 2016, as compared to the same period last year, the decline in our Same Store used vehicle retail revenues of 1.3% can be explained be a change in the exchange rates between periods. On a local currency basis, Same Store used vehicle retail revenues increased 12.8%, reflecting a 25.5% increase in Same Store used vehicle retail units which was partially offset by a 10.1% decrease in the average used vehicle retail selling price. With the continued weakness in the economy in Brazil, many consumers are shifting their vehicle purchases to used vehicles over new vehicles. Our capital structure in Brazil has allowed us to maintain a quality supply of used vehicle inventory and capture market share from other dealerships in the area. For the six months ended June 30, 2016, our total Same Store used vehicle retail revenues improved 3.1%, primarily as a result of a 4.0% increase in used vehicle retail unit sales. These improvements reflect an increased focus by our operations team and enhanced processes that are being implemented. The increases were partially offset by a decline in our average used vehicle retail sales price of 0.9%, as compared to the same period in 2015. The decline in our total average used vehicle sales price was partially explained by the change in exchange rates between periods.
In total, our Same Store used vehicle retail total gross profit for the three months ended June 30, 2016 increased 1.4%, as compared to the same period in 2015, reflecting improvements in the U.K. and Brazil segments, partially offset by a decline in the U.S. In the U.K., Same Store used vehicle retail gross profit improved 5.5%, reflecting a 4.9% increase in Same Store used vehicle retail unit sales coupled with an increase of 0.7% in the Same Store gross profit PRU. On a local currency basis, Same Store used vehicle retail gross profit and used vehicle gross profit PRU in the U.K. improved 12.4% and 7.2%, respectively. The increase in the U.K. was primarily a result of improving industry conditions and a strong performance by our operating teams. In Brazil, the increase of 61.2% in Same Store used vehicle retail gross profit resulted from a $249, or 28.5%, increase in Same Store used vehicle retail gross profit PRU coupled with a 25.5% increase in Same Store used vehicle retail unit sales for the three months ended June 30, 2016, as compared to the same period in the prior year. On a local currency basis, Same Store used vehicle retail gross profit PRU in Brazil improved 46.7%. The improvement in Brazil is primarily a result of increased sales focus on used vehicles and the implementation of new sales processes. In the U.S., Same Store used vehicle gross profit decreased by 0.2% driven by a decline in Same Store used vehicle gross profit PRU of 0.7%, or $11, which was partially offset by an increase in the Same Store used vehicle retail unit sales of 0.6% for the quarter ended June 30, 2016, as compared to the same quarter last year. For the six months ended June 30, 2016, as compared to the same period in 2015, total Same Store used vehicle retail gross profit increased 2.1% driven by a 4.0% increase in Same Store used vehicle retail units that was partially offset by a 1.8% decrease in Same Store used vehicle gross profit PRU.
During the three months ended June 30, 2016, total Same Store wholesale used vehicle revenue decreased 12.2% as compared to the same period in 2015, driven by declines in all three reportable segments. In the U.S., the 14.1% decrease in Same Store wholesale used vehicle revenue for the three months ended June 30, 2016 was the result of a 14.5% decline in Same Store wholesale used vehicle unit sales, offset by a 0.4% increase in used vehicle wholesale average sales price, as compared to the same period last year. The decline in U.S. used vehicle wholesale unit sales volume was driven by lower used vehicle trade-in activity associated with lower new vehicle unit sales volume during the second quarter of 2016. In the U.K., for the quarter ended June 30, 2016, as compared to the same quarter in the prior year, Same Store used vehicle wholesale revenue declined 3.8%. The decline can be explained by a change in exchange rates between periods as on a local currency basis, Same Store used vehicle wholesale sales increased 2.7%, reflecting a 2.2% increase in Same Store used vehicle wholesale units coupled with a 0.5% increase in Same Store used vehicle wholesale average sales price, primarily due to an increase in used vehicle trade-ins from improved new vehicle sales activity. In Brazil, Same Store used vehicle wholesale revenue declined 60.1% as a result of a decrease in Same Store used vehicle wholesale average sales price of 24.0%, coupled with a decline of 47.5% in Same Store wholesale used vehicle unit sales for the three months ended June 30, 2016, as compared to the same period last year. This decline in our wholesale business in Brazil reflects a strategic decision to retail more of our trade-in units. For the six months ended June 30, 2016, as compared to the same period in 2015, Same Store used vehicle wholesale revenue decreased 9.9%, driven by a 6.8% decline in Same Store used vehicle wholesale unit sales coupled with a 3.3% decline in Same Store average used vehicle wholesale selling price.
Our total Same Store used vehicle wholesale gross profit increased 84.9% from a loss of $0.9 million for the three months ended June 30, 2015 to a loss of $0.1 million for the comparable period in 2016. This increase was driven by a 83.6%, or $51, increase in our Same Store used vehicle wholesale gross profit per unit from a loss of $61 per unit for the three months ended June 30, 2015 to a loss of $10 per unit for the same period this year coupled with a decrease in total Same Store used vehicle wholesale units of 11.7%. The increase in the U.S. for the three months ended June 30, 2016 was driven by a $32

51


increase in wholesale gross profit per unit in 2016 as compared to the same period in 2015. The increase in profitability corresponds with a 0.4% increase in the average used vehicle market prices during the second quarter of 2016 which was driven by a 1.9% increase for the month of June, as reflected in the Manheim index. In the U.K., the 72.3% increase in Same Store gross profit was driven by a 72.9%, or $156, increase in used vehicle wholesale gross profit per unit from a loss of $214 for the second quarter of 2015 to a loss of $58 for the second quarter of 2016, offset by a 2.2% increase in wholesale used vehicle unit sales over the comparable periods. The increases in our Same Store used vehicle wholesale gross profit and gross profit per retail unit in the U.K. are primarily attributable to higher new vehicle sales which resulted in more trade-ins and management initiatives designed to enhance our operational processes. In Brazil, the decline in Same Store used vehicle wholesale gross profit of 60.5% was driven by a decrease in Same Store used vehicle wholesale gross profit per unit of 24.8%, coupled with a 47.5% decrease in wholesale used vehicle unit sales, as we continue our focus on retailing more of our units. For the six months ended June 30, 2016, our total Same Store used vehicle wholesale gross profit decreased 9.3%, driven by a 6.8% decrease in used vehicle wholesale unit sales coupled with a 3.2% decrease in used vehicle wholesale gross profit per wholesale unit, as compared to the same period in 2015.
As of June 30, 2016, we increased our used vehicle inventory levels by $40.6 million, or 14.7%, from December 31, 2015 and by $18.8 million, or 6.3%, from June 30, 2015 to $316.1 million, primarily due to a shift in our focus to used vehicle sales in order to offset the softness in new vehicle sales in many of the markets where we operate, as well as the impact of the stop sale instructions from various OEMs primarily associated with Takata airbag recalls. At June 30, 2016, we had approximately 600 used vehicle units in inventory in the U.S. on stop sale awaiting completion of repairs. Our consolidated days' supply of used vehicle inventory increased to 34 days, as of June 30, 2016, as compared to 33 days as of December 31, 2015 and June 30, 2015.
Parts and Service Data
(dollars in thousands)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Parts and Services Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
266,069

 
3.6%
 
$
256,783

 
 
$
521,024

 
5.4%
 
$
494,481

U.K.
 
26,375

 
4.7%
 
25,202

 
 
52,112

 
2.6%
 
50,790

Brazil
 
11,142

 
(6.1)%
 
11,862

 
 
21,449

 
(12.8)%
 
24,590

Total Same Stores
 
303,586

 
3.3%
 
293,847

 
 
594,585

 
4.3%
 
569,861

Transactions
 
18,487

 
 
 
9,346

 
 
36,080

 
 
 
15,521

Total
 
$
322,073

 
6.2%
 
$
303,193

 
 
$
630,665

 
7.7%
 
$
585,382

Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
143,717

 
1.9%
 
$
141,009

 
 
$
283,098

 
5.1%
 
$
269,295

U.K.
 
14,726

 
4.7%
 
14,070

 
 
28,756

 
3.5%
 
27,791

Brazil
 
4,140

 
(18.5)%
 
5,078

 
 
8,063

 
(25.2)%
 
10,773

Total Same Stores
 
162,583

 
1.5%
 
160,157

 
 
319,917

 
3.9%
 
307,859

Transactions
 
10,615

 
 
 
4,941

 
 
19,857

 
 
 
8,036

Total
 
$
173,198

 
4.9%
 
$
165,098

 
 
$
339,774

 
7.6%
 
$
315,895

Gross Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
54.0
%
 
 
 
54.9
%
 
 
54.3
%
 
 
 
54.5
%
U.K.
 
55.8
%
 
 
 
55.8
%
 
 
55.2
%
 
 
 
54.7
%
Brazil
 
37.2
%
 
 
 
42.8
%
 
 
37.6
%
 
 
 
43.8
%
Total Same Stores
 
53.6
%
 
 
 
54.5
%
 
 
53.8
%
 
 
 
54.0
%
Transactions
 
57.4
%
 
 
 
52.9
%
 
 
55.0
%
 
 
 
51.8
%
Total
 
53.8
%
 
 
 
54.5
%
 
 
53.9
%
 
 
 
54.0
%
Our total Same Store parts and service revenues increased $9.7 million, or 3.3%, to $303.6 million for the three months ended June 30, 2016, as compared to the same period in 2015, primarily driven by growth in the U.S. and U.K. and partially offset by a decline in Brazil. For the three months ended June 30, 2016, our U.S. Same Store parts and service revenue increased 3.6%, or $9.3 million, reflecting a 4.5% increase in customer-pay parts and service revenue, a 4.1% increase in wholesale parts revenues, and a 3.7% increase in warranty parts and service revenues, when compared to the same period in

52


2015. The growth in customer-pay parts and service revenue was supported by the continued progress we are making in adding service technicians. As compared to June 2015, we have increased our service technicians in the U.S., by 120, representing a 6.2% increase compared to last year. The increase in warranty parts and service revenue was primarily driven by high volume recall campaigns within our Ford, Mercedes-Benz, Nissan, Toyota, Chrysler, and Hyundai brands that occurred during the second quarter of 2016. The increase in wholesale parts revenues was primarily due to increased focus and better overall management of this portion of our business in a few key markets. Our U.S. Same Store collision revenue was relatively flat for the three months ended June 30, 2016 compared to the same period a year ago. Our total Same Store parts and service revenue improved $24.7 million, or 4.3%, to $594.6 million for the six months ended June 30, 2016, as compared to the same period in 2015 primarily reflecting increases in the U.S and U.K that were partially offset by a decrease in Brazil. For the six months ended June 30, 2016, our U.S. same store parts and service revenues improved 5.4% primarily as a result of a 4.9% increase in customer-pay parts and service revenues, a 5.5% increase in wholesale parts revenues, a 6.0% increase in warranty parts and service revenues, and a 5.7% increase in collision revenues.
Our U.K. Same Store parts and service revenues increased 4.7%, or $1.2 million, for the three months ended June 30, 2016, as compared to the same period in 2015. On a local currency basis, we realized a 11.8% improvement in our Same Store parts and service revenues driven by an increase of 12.9% in our customer-pay parts and service revenue, a 14.9% increase in our wholesale parts revenue, a 6.8% increase in our warranty parts and service revenue, and a 12.3% increase in our collision revenue in the second quarter of 2016 as compared to the same period in 2015. The increases in customer-pay parts and service, collision and wholesale parts revenues are mainly attributable to the implementation of management initiatives designed to enhance processes and increase productivity. Additionally, we grew our warranty parts and service revenue, primarily due to an increase in high volume recalls from our Audi and BMW brands that occurred during the second quarter of 2016. For the six months ended June 30, 2016 as compared to the same period in 2015, our U.K. same store parts and service revenues increased 2.6% as the decline in exchange rates between periods was more than offset by improvements of all sectors of our U.K. parts and service business.
Our Same Store parts and service revenues in Brazil decreased 6.1%, or $0.7 million, for the three months ended June 30, 2016, compared to the same period 2015. This decline can be more than explained by the change in the currency exchange rate, as Brazil Same Store parts and service revenues increased 7.1% on a local currency basis in 2016 compared to the same period last year. On a local currency basis, we realized a 21.6% increase in our collision revenue, a 3.4% increase in customer-pay parts and service revenue, and a 13.5% increase in warranty parts and service revenue for the second quarter of 2016, as compared to the same period in 2015. For the six months ended June 30, 2016, our Brazil Same Store parts and service revenues declined 12.8% due to the change in exchange rates between periods. On a local currency basis, our Brazil Same Store parts and service revenues increased 8.8% as we experienced improvements in customer-pay, warranty parts and service, wholesale parts, and collision revenues when compared to the same period a year ago.
Our total Same Store parts and service gross profit for the three months ended June 30, 2016 increased 1.5%, as compared to the same period in 2015. This increase in gross profit was driven by increases of 1.9% and 4.7% in the U.S. and U.K., partially offset by a decline of 18.5% in Brazil. The increases in the U.S. and the U.K. were driven by increases in our customer-pay and collision businesses with a weaker British pound sterling exchange rate as a partial offset. The decline in Brazil can be predominately explained by the change in currency rates, as Brazil Same Store parts and service gross profit declined 6.9% on a local currency basis for the second quarter of 2016. For the six months ended June 30, 2016, our total Same Store gross profit increased 3.9%, as compared to the same period a year ago primarily driven by increases of 5.1% and 3.5% in our U.S. and U.K. segments, respectively, and partially offset by a 25.2% decrease in Brazil. The increase in the U.S. and the U.K. were driven by our customer-pay and collision businesses and our warranty business in the U.S. only. The decline in Brazil was primarily due to the change in the exchange rates between periods as on a local currency basis Brazil Same Store parts and service gross profit only declined by 6.3%.
For the three months ended June 30, 2016, our total Same Store parts and service gross margin declined 90 basis points, as compared to the same period in 2015. This decrease was driven by a 90 basis-point decrease in the U.S., primarily driven by lower margin, parts intensive, warranty campaigns in 2016 as compared to higher margin, labor intensive warranty campaigns in 2015, coupled with a mix shift towards increased wholesale parts business which generates lower margins on a relative basis and decreased internal work between the parts and service departments of our dealerships and the new and used vehicle departments as a result of a decline in total retail vehicle sales volumes for the second quarter of 2016 as compared to the same period in 2015. For the six months ended June 30, 2016, our total Same Store parts and service gross margin declined 20 basis points compared to the same periods in 2015. This decline was driven by our U.S. Same Store parts and service gross margin which declined by 20 basis-points reflecting a mix shift away from our customer-pay parts and service business and towards our warranty parts and service business, which generates lower margins on a relative basis.

53


Finance and Insurance Data
(dollars in thousands, except per unit amounts)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Retail New and Used Unit Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
59,280

 
(5.1)%
 
62,449

 
 
115,400

 
(2.3)%
 
118,149

U.K.
 
8,697

 
4.5%
 
8,324

 
 
17,714

 
7.5%
 
16,476

Brazil
 
3,490

 
(4.8)%
 
3,665

 
 
7,366

 
(5.7)%
 
7,814

Total Same Stores
 
71,467

 
(4.0)%
 
74,438

 
 
140,480

 
(1.4)%
 
142,439

Transactions
 
5,128

 
 
 
1,766

 
 
9,687

 
 
 
2,987

Total
 
76,595

 
0.5%
 
76,204

 
 
150,167

 
3.3%
 
145,426

Retail Finance Fees
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
30,674

 
(1.3)%
 
$
31,071

 
 
$
59,470

 
1.5%
 
$
58,580

U.K.
 
3,875

 
9.0%
 
3,555

 
 
7,833

 
14.0%
 
6,872

Brazil
 
323

 
(15.9)%
 
384

 
 
639

 
(30.8)%
 
924

Total Same Stores
 
34,872

 
(0.4)%
 
35,010

 
 
67,942

 
2.4%
 
66,376

Transactions
 
1,981

 
 
 
768

 
 
3,842

 
 
 
1,208

Total
 
$
36,853

 
3.0%
 
$
35,778

 
 
$
71,784

 
6.2%
 
$
67,584

Vehicle Service Contract Fees
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
35,801

 
(3.6)%
 
$
37,154

 
 
$
69,592

 
(2.7)%
 
$
71,515

U.K.
 
84

 
(44.4)%
 
151

 
 
220

 
(37.9)%
 
354

Brazil
 

 
—%
 

 
 

 
—%
 

Total Same Stores
 
35,885

 
(3.8)%
 
37,305

 
 
69,812

 
(2.9)%
 
71,869

Transactions
 
298

 
 
 
272

 
 
746

 
 
 
454

Total
 
$
36,183

 
(3.7)%
 
$
37,577

 
 
$
70,558

 
(2.4)%
 
$
72,323

Insurance and Other
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
28,001

 
(0.5)%
 
$
28,132

 
 
$
53,012

 
1.2%
 
$
52,368

U.K.
 
2,453

 
17.6%
 
2,086

 
 
5,046

 
23.3%
 
4,094

Brazil
 
1,355

 
24.5%
 
1,088

 
 
2,371

 
(4.2)%
 
2,475

Total Same Stores
 
31,809

 
1.6%
 
31,306

 
 
60,429

 
2.5%
 
58,937

Transactions
 
2,715

 
 
 
558

 
 
4,939

 
 
 
931

Total
 
$
34,524

 
8.3%
 
$
31,864

 
 
$
65,368

 
9.2%
 
$
59,868

Total Finance and Insurance Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
94,476

 
(2.0)%
 
$
96,357

 
 
$
182,074

 
(0.2)%
 
$
182,463

U.K.
 
6,412

 
10.7%
 
5,792

 
 
13,099

 
15.7%
 
11,320

Brazil
 
1,678

 
14.0%
 
1,472

 
 
3,010

 
(11.4)%
 
3,399

Total Same Stores
 
102,566

 
(1.0)%
 
103,621

 
 
198,183

 
0.5%
 
197,182

Transactions
 
4,994

 
 
 
1,598

 
 
9,527

 
 
 
2,593

Total
 
$
107,560

 
2.2%
 
$
105,219

 
 
$
207,710

 
4.0%
 
$
199,775

Finance and Insurance Revenues per Retail Unit Sold
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
1,594

 
3.3%
 
$
1,543

 
 
$
1,578

 
2.2%
 
$
1,544

U.K.
 
$
737

 
5.9%
 
$
696

 
 
$
739

 
7.6%
 
$
687

Brazil
 
$
481

 
19.7%
 
$
402

 
 
$
409

 
(6.0)%
 
$
435

Total Same Stores
 
$
1,435

 
3.1%
 
$
1,392

 
 
$
1,411

 
2.0%
 
$
1,384

Transactions
 
$
974

 

 
$
905

 
 
$
983

 

 
$
868

Total
 
$
1,404

 
1.7%
 
$
1,381

 
 
$
1,383

 
0.7%
 
$
1,374


54


Our total Same Store finance and insurance revenues decreased $1.1 million, or 1.0%, to $102.6 million, for the three months ended June 30, 2016, as compared to the same period in 2015, primarily driven by a decline in the U.S., partially offset by improvements in the U.K. and Brazil. Our U.S. Same Store finance and insurance revenue declined $1.9 million, or 2.0%, primarily due to the 5.1% decrease in total vehicle retail unit sales volume coupled with an increase in our overall chargeback experience. The decline in the U.S. was partially offset by increases in income per contract, as well as penetration rates for most of our major U.S. product offerings. In the U.K. our Same Store finance and insurance revenues increased 10.7% to $6.4 million for the three months ended June 30, 2016, as compared to the same period in 2015, primarily reflecting a 4.5% increase in new and used vehicle retail unit sales volume, coupled with an increase in penetration rates on many of our product offerings and a decrease in our chargeback expense. Partially offsetting these increases in the U.K. was a decline in income per contract for our U.K. vehicle service contracts and retail finance fees, which can partially be explained by the change in exchange rates between periods. Our Brazil Same Store finance and insurance revenue increased $0.2 million, or 14.0%, for the three months ended June 30, 2016 when compared to the same period in 2015. The increase of 3.1% in our total Same Store finance and insurance revenues PRU for the quarter ended June 30, 2016, to $1,435, can be explained by the improvements in all our segments as compared to the same period in 2015.
Our total Same Store finance and insurance revenues improved 0.5%, or $1.0 million, for the six months ended June 30, 2016, as compared to the same period in 2015, more than explained by a $1.8 million, or 15.7% increase in our U.K. Same Store finance and insurance revenue. This increase was driven by a 7.5% increase in new and used retail sales volumes, coupled with an increase in the penetration rates for most of our major product offering and a decline in our chargeback expense. Our U.S. Same Store finance and insurance revenues decreased $0.4 million, or 0.2%, for the six months ended June 30, 2016, as compared to the same period in 2015. The decline was primarily driven by a 2.3% decrease in total retail sales volumes and an increase in our chargeback expense partially offset by increases in penetration rates and income per contract for many of our major U.S. product offerings. Our Same Store finance and insurance revenues in Brazil decreased 11.4%, or $0.4 million, for the first half of 2016, as compared to the same period a year ago. This decline was driven by the change in currency rates between periods as, on a local currency basis, Same Store finance and insurance revenues in Brazil increased by 10.8%. For the six months ended June 30, 2016, our total Same Store revenues PRU increased 2.0% to $1,411, as compared to the same period in 2015, which is more than explained by improvements in the U.S. and U.K. of 2.2% and 7.6%, respectively, as compared to the same period in 2015. These increases were partially offset by the decline of 6.0% in Brazil that was driven by the change in exchange rates between periods as, on a local currency basis, Same Store finance and insurance revenues PRU increased 17.5% when compared to the same period in 2015.






55


Selling, General and Administrative Data
(dollars in thousands)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Personnel
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
153,009

 
2.3%
 
$
149,573

 
 
$
304,850

 
3.9%
 
$
293,281

U.K.
 
16,984

 
3.9%
 
16,346

 
 
33,937

 
4.6%
 
32,454

Brazil
 
5,490

 
(11.0)%
 
6,167

 
 
10,749

 
(15.2)%
 
12,678

Total Same Stores
 
175,483

 
2.0%
 
172,086

 
 
349,536

 
3.3%
 
338,413

Transactions
 
10,596

 
 
 
5,033

 
 
20,675

 
 
 
8,808

Total
 
$
186,079

 
5.1%
 
$
177,119

 
 
$
370,211

 
6.6%
 
$
347,221

Advertising
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
17,505

 
1.4%
 
$
17,270

 
 
$
32,653

 
(0.6)%
 
$
32,856

U.K.
 
1,139

 
5.6%
 
1,079

 
 
2,157

 
0.5%
 
2,146

Brazil
 
272

 
(41.3)%
 
463

 
 
566

 
(20.6)%
 
713

Total Same Stores
 
18,916

 
0.6%
 
18,812

 
 
35,376

 
(0.9)%
 
35,715

Transactions
 
510

 
 
 
561

 
 
1,169

 
 
 
908

Total
 
$
19,426

 
0.3%
 
$
19,373

 
 
$
36,545

 
(0.2)%
 
$
36,623

Rent and Facility Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
21,360

 
7.1%
 
$
19,947

 
 
$
41,395

 
3.7%
 
$
39,925

U.K.
 
2,362

 
1.3%
 
2,331

 
 
4,795

 
(4.8)%
 
5,035

Brazil
 
1,962

 
(13.9)%
 
2,279

 
 
3,983

 
(18.7)%
 
4,901

Total Same Stores
 
25,684

 
4.6%
 
24,557

 
 
50,173

 
0.6%
 
49,861

Transactions
 
3,057

 
 
 
1,667

 
 
5,997

 
 
 
3,021

Total
 
$
28,741

 
9.6%
 
$
26,224

 
 
$
56,170

 
6.2%
 
$
52,882

Other SG&A
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
49,270

 
3.8%
 
$
47,457

 
 
$
100,352

 
8.5%
 
$
92,529

U.K.
 
7,334

 
6.3%
 
6,897

 
 
14,391

 
4.4%
 
13,781

Brazil
 
2,395

 
(13.2)%
 
2,758

 
 
4,581

 
(25.5)%
 
6,151

Total Same Stores
 
58,999

 
3.3%
 
57,112

 
 
119,324

 
6.1%
 
112,461

Transactions
 
5,777

 
 
 
740

 
 
10,437

 
 
 
2,850

Total
 
$
64,776

 
12.0%
 
$
57,852

 
 
$
129,761

 
12.5%
 
$
115,311


56


Total SG&A
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
241,144

 
2.9%
 
$
234,247

 
 
$
479,250

 
4.5%
 
$
458,591

U.K.
 
27,819

 
4.4%
 
26,653

 
 
55,280

 
3.5%
 
53,416

Brazil
 
10,119

 
(13.3)%
 
11,667

 
 
19,879

 
(18.7)%
 
24,443

Total Same Stores
 
279,082

 
2.4%
 
272,567

 
 
554,409

 
3.3%
 
536,450

Transactions
 
19,940

 
 
 
8,001

 
 
38,278

 
 
 
15,587

Total
 
$
299,022

 
6.6%
 
$
280,568

 
 
$
592,687

 
7.4%
 
$
552,037

Total Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
337,999

 
1.1%
 
$
334,329

 
 
$
659,706

 
2.5%
 
$
643,487

U.K.
 
36,706

 
8.2%
 
33,909

 
 
72,743

 
6.9%
 
68,067

Brazil
 
10,826

 
(22.3)%
 
13,936

 
 
20,471

 
(28.1)%
 
28,470

Total Same Stores
 
385,531

 
0.9%
 
382,174

 
 
752,920

 
1.7%
 
740,024

Transactions
 
24,588

 
 
 
9,399

 
 
46,301

 
 
 
15,433

Total
 
$
410,119

 
4.7%
 
$
391,573

 
 
$
799,221

 
5.8%
 
$
755,457

SG&A as a % of Gross Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
71.3
%
 
 
 
70.1
%
 
 
72.6
%
 
 
 
71.3
%
U.K.
 
75.8
%
 
 
 
78.6
%
 
 
76.0
%
 
 
 
78.5
%
Brazil
 
93.5
%
 
 
 
83.7
%
 
 
97.1
%
 
 
 
85.9
%
Total Same Stores
 
72.4
%
 
 
 
71.3
%
 
 
73.6
%
 
 
 
72.5
%
Transactions
 
81.1
%
 
 
 
85.1
%
 
 
82.7
%
 
 
 
101.0
%
Total
 
72.9
%
 
 
 
71.7
%
 
 
74.2
%
 
 
 
73.1
%
Adjusted Total SG&A (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
238,125

 
2.7%
 
$
231,932

 
 
$
473,412

 
3.8%
 
$
456,276

U.K.
 
27,819

 
5.2%
 
26,445

 
 
54,719

 
2.8%
 
53,208

Brazil
 
10,119

 
(13.3)%
 
11,667

 
 
19,879

 
(18.7)%
 
24,443

Total Same Stores
 
276,063

 
2.2%
 
270,044

 
 
548,010

 
2.6%
 
533,927

Transactions
 
19,940

 
 
 
9,416

 
 
38,973

 
 
 
17,003

Total
 
$
296,003

 
5.9%
 
$
279,460

 
 
$
586,983

 
6.5%
 
$
550,930

Adjusted SG&A as a % of Gross Profit (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
70.5
%
 
 
 
69.4
%
 
 
71.8
%
 
 
 
70.9
%
U.K.
 
75.8
%
 
 
 
78.0
%
 
 
75.2
%
 
 
 
78.2
%
Brazil
 
93.5
%
 
 
 
83.7
%
 
 
97.1
%
 
 
 
85.9
%
Total Same Stores
 
71.6
%
 
 
 
70.7
%
 
 
72.8
%
 
 
 
72.1
%
Transactions
 
81.1
%
 
 
 
100.2
%
 
 
84.2
%
 
 
 
110.2
%
Total
 
72.2
%
 
 
 
71.4
%
 
 
73.4
%
 
 
 
72.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Employees
 
12,800

 
 
 
12,500

 
 
12,800

 
 
 
12,500

(1)See "Non-GAAP Financial Measures" for more details.
Our SG&A consists primarily of salaries, commissions and incentive-based compensation, as well as rent and facility costs, advertising, insurance, benefits, utilities and other fixed expenses. We believe that the majority of our personnel, all of our advertising and a portion of certain other expenses are variable and can be adjusted in response to changing business conditions. We continue to aggressively pursue opportunities that take advantage of our size and negotiating leverage with our vendors and service providers in order to more effectively rationalize our cost structure.
Our total Same Store personnel costs increased by 2.0% for the three months ended June 30, 2016, as compared to the same period in 2015, primarily as a result of increases of 2.3% and 3.9% in the U.S. and the U.K., respectively. These increases are explained by the general correlation of variable costs, including salesperson commission payments, and vehicle sales. These increases were partially offset by an 11.0% decline in personnel costs in Brazil. For the six months ended June 30, 2016, as compared to the same period in 2015, our total Same Store personnel costs increased $11.1 million, or 3.3%, driven by

57


increases of 3.9% and 4.6% in the U.S. and U.K., respectively, and partially offset by a 15.2% decline in our Brazil segment. The decline in Same Store personnel costs in Brazil can be explained by the change in exchange rates between periods as Same Store personnel costs in Brazil increased 1.6% and 5.8% on a local currency basis for the three and six months ended June 30, 2016, respectively. These increases are primarily explained by the effect of a high inflationary environment that drove wage increases.
For the three months ended June 30, 2016, our consolidated Same Store advertising costs increased 0.6%, to $18.9 million, primarily driven by a 5.6% increase in our U.K. segment and partially offset by a 41.3% decrease in Brazil. Our U.S. Same Store advertising costs for the second quarter of 2016 remained relatively flat as compared to the same period last year. The increase in the U.K. can be partially explained by increased advertising spend in response to the disruption in vehicle sales activity leading up to and following Brexit. For the six months ended June 30, 2016, as compared to the same period in 2015, our consolidated Same Store advertising costs declined 0.9%, to $35.4 million, driven by decreases of 0.6% and 20.6% in the U.S. and Brazil, respectively, and partially offset by a 0.5% increase in our U.K. segment. The decrease in the U.S. Same Store advertising costs primarily resulted from more efficient advertising strategies and our scale, which we continue to leverage in negotiations with service providers for more favorable rates. The decrease in Brazil can be explained by management's cost rationalization efforts in the first half of 2016, as well as the change in exchange rates between periods.
Our consolidated Same Store rent and facility costs increased 4.6% to $25.7 million for the three months ended June 30, 2016, as compared to the same period a year ago, reflecting increases of 7.1% and 1.3% in the U.S. and U.K., respectively. These increases were partially offset by a 13.9% decrease in Brazil. The increase in the U.S. was primarily the result of an increase in property taxes associated with higher property values that stem from continued improvements to our existing facilities designed to enhance the profitability of our dealerships and the overall customer experience. The increase in Same Store rent and facility costs in the U.K. was driven by higher utility expense and additional building maintenance. The decline in Brazil can be explained by the change in exchange rates between periods as Same Store rent and facility costs remained relatively flat on a local currency basis from the comparable period in 2015. For the six months ended June 30, 2016, our consolidated Same Store rent and facility costs were flat as compared to the same period last year.
For the three months ended June 30, 2016, our total Same Store other SG&A increased 3.3% to $59.0 million as compared to the same period in 2015, primarily driven by 3.8% and 6.3% increases in our U.S. and U.K. segments, respectively. The increase in the U.S. was primarily driven by increases in other variable costs associated with higher vehicle inventory levels, which have increased as a result of the stop sale on a number of vehicle models due to recall campaigns. U.S. Same Store other SG&A also increased as a result of the expansion of our fixed operations business. Specifically, we have experienced higher loaner vehicle costs as we continue to service a large number of customers affected by recalled vehicles. The increase in the U.K. is primarily explained by higher loaner vehicle costs associated with an increase in parts and service and collision business. These increases were partially offset by a 13.2% decrease in Brazil. The decline in our Brazil Same Store other SG&A was primarily a result of the change in the exchange rate between periods. For the six months ended June 30, 2016, as compared to 2015, our total Same Store other SG&A increased 6.1% to $119.3 million, primarily driven by increases of 8.5% and 4.4% in our U.S. and U.K. segments, respectively, and partially offset by a decline of 25.5% in Brazil. Total Same Store other SG&A for the six months ended June 30, 2016 included $2.8 million in deductible charges related to catastrophic weather events and a $0.3 million loss on real estate and other dealership transactions in the U.S. On a comparable basis, total Same Store other SG&A for the six months ended June 30, 2015 included a $1.0 million charge related to vehicle inventory losses from flooding, a legal settlement of $1.0 million, and $0.4 million loss related to real estate and dealership transactions in the U.S., as well as $0.2 million in severance costs in the U.K.
Our total Same Store SG&A increased $6.5 million, or 2.4%, for the three months ended June 30, 2016, as compared to the same period in 2015. After adjusting for $2.8 million in deductible charges related to catastrophic weather events in the U.S. and a $0.3 million loss on real estate and other dealership transactions, our adjusted total Same Store SG&A increased $6.0 million, or 2.2%, for the three months ended June 30, 2016, as compared to the same period in 2015, primarily the result of 2.7% and 5.2% increases in Same Store SG&A in our U.S. and U.K. segments, respectively, that were partially offset by a 13.3% decline in Brazil Same Store SG&A. For the six months ended June 30, 2016, as compared to the same period in 2015, total Same Store SG&A increased $18.0 million, or 3.3%, driven by increases of 4.5% and 3.5% in the U.S. and U.K. Same Store SG&A, respectively, and partially offset by an 18.7% decline in our Brazil segment. For the six months ended June 30, 2016, as compared to the same period in 2015, our adjusted total Same Store SG&A increased $14.1 million, or 2.6%, driven by increases of 3.8% and 2.8% in the U.S. and U.K. Same Store SG&A, respectively, and partially offset by an 18.7% decline in Brazil Same Store SG&A.
Our total Same Store SG&A as a percentage of gross profit for the three months ended June 30, 2016, as compared to 2015, increased 110 basis points to 72.4%, primarily driven by a 120 basis point increase in our U.S. segment Same Store SG&A as a percentage of gross profit. The increase in the U.S. reflects costs associated with higher inventory levels and expanded loaner car fleets. The increase in Brazil was due to the increasing costs described above coupled with a 22.3% decline

58


in gross profit. Offsetting these increases, our U.K. Same Store SG&A as a percentage of gross profit improved 280 basis points to 75.8% for the three months ended June 30, 2016 compared to a year ago, primarily reflecting leverage of our cost structure realized with the growth of our revenue and gross profit. For the six months ended June 30, 2016, as compared to the same period in 2015, our total Same Store SG&A as a percentage of gross profit increased 110 basis points to 73.6%. On an adjusted basis, total Same Store SG&A as a percentage of gross profit increased 90 basis points to 71.6% for the second quarter of 2016, primarily driven by a 110 basis point increase in our U.S. segment Same Store SG&A as a percentage of gross profit. For the six months ended June 30, 2016, as compared to the same period in 2015, our adjusted total Same Store SG&A as a percentage of gross profit increased 70 basis points to 72.8%, driven by a 90 basis point increase in the U.S. Same Store SG&A as a percentage of gross profit.
Depreciation and Amortization Data
(dollars in thousands)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
10,414

 
3.7%
 
$
10,047

 
 
$
20,749

 
4.5%
 
$
19,856

U.K.
 
1,208

 
13.2%
 
1,067

 
 
2,361

 
12.6%
 
2,096

Brazil
 
335

 
9.8%
 
305

 
 
610

 
(7.6)%
 
660

Total Same Stores
 
11,957

 
4.7%
 
11,419

 
 
23,720

 
4.9%
 
22,612

Transactions
 
756

 
 
 
527

 
 
1,457

 
 
 
1,018

Total
 
$
12,713

 
6.4%
 
$
11,946

 
 
$
25,177

 
6.5%
 
$
23,630

Our total Same Store depreciation and amortization expense increased 4.7% and 4.9% respectively, for the three and six months ended June 30, 2016, as compared to the same periods in 2015, as we continue to strategically add dealership-related real estate to our investment portfolio and make improvements to our existing facilities that are designed to enhance the profitability of our dealerships and the overall customer experience. We critically evaluate all planned future capital spending, working closely with our manufacturer partners to maximize the return on our investments.
Floorplan Interest Expense
(dollars in thousands)
 
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
2016
 
% Change
 
2015
 
 
2016
 
% Change
 
2015
Same Stores
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S.
 
$
10,270

 
16.7%
 
$
8,797

 
 
$
20,080

 
16.7%
 
$
17,200

U.K.
 
486

 
(12.4)%
 
555

 
 
1,037

 
(2.5)%
 
1,064

Brazil
 
17

 
(96.2)%
 
446

 
 
77

 
(91.0)%
 
859

Total Same Stores
 
10,773

 
10.0%
 
9,798

 
 
21,194

 
10.8%
 
19,123

Transactions
 
820

 
 
 
217

 
 
1,409

 
 
 
239

Total
 
$
11,593

 
15.8%
 
$
10,015

 
 
$
22,603

 
16.7%
 
$
19,362

Memo:
 
 
 
 
 
 
 
 
 
 
 
 
 
Total manufacturer’s assistance
 
$
12,325

 
(3.6)%
 
$
12,781

 
 
$
23,839

 
1.3%
 
$
23,542

Our floorplan interest expense fluctuates with changes in our borrowings outstanding and interest rates, which are based on the one-month London Inter Bank Offered Rate (“LIBOR”) (or Prime rate in some cases) plus a spread in the U.S. and U.K. and a benchmark rate plus a spread in Brazil.
To mitigate the impact of interest rate fluctuations, we employ an interest rate hedging strategy, whereby we swap variable interest rate exposure for a fixed interest rate over the term of the variable interest rate debt. As of June 30, 2016, we had interest rate swaps with an aggregate notional amount of $616.7 million in effect that fixed our underlying one-month LIBOR at a weighted average interest rate of 2.6%. The majority of the monthly settlements of these interest rate swap liabilities are recognized as floorplan interest expense. From time to time, we utilize excess cash on hand to pay down our floorplan borrowings, and the resulting interest earned is recognized as an offset to our gross floorplan interest expense.

59


Our total Same Store floorplan interest expense increased 10.0% to $10.8 million for the three months ended June 30, 2016, as compared to the same period in 2015. The increase was driven by the increase in our Same Store floorplan interest expense in the U.S. of $1.5 million, or 16.7%, primarily due to the increase in our weighted average floorplan borrowings outstanding of $134.1 million for the three months ended June 30, 2016. The increase in our weighted average borrowings in the U.S. was a result of higher inventory levels in 2016 when compared with 2015 as several manufacturers have issued stop sales on a number of vehicle models due to recall campaigns, which has contributed to an increase in our new and used inventory. In the U.K., our Same Store floorplan interest expense decreased 12.4%, to $0.5 million, for the three months ended June 30, 2016, primarily due to the decrease in our weighted average floorplan borrowings outstanding of $8.3 million. In Brazil our Same Store floorplan interest expense decreased $0.4 million, or 96.2%, for the three months ended June 30, 2016. The decrease in the Brazil Same Store floorplan interest for the three months ended June 30, 2016 was primarily attributable to a decrease in our weighted average borrowings outstanding of $3.3 million resulting from improved inventory levels and strategic cash management.
For the six months ended June 30, 2016, our total Same Store floorplan interest expense increased 10.8% to $21.2 million as compared to the same period in 2015 primarily driven by an increase in the U.S. and partially offset by a decline in Brazil. The U.S. increased 16.7% for the first half of 2016 when compared to 2015 primarily driven by $130.1 million increase in weighted average borrowing outstanding. During the first quarter of 2016, we experienced an increase in our supply of luxury brands units as several of our OEM partners redirected additional inventory supply to the U.S. to offset weakness in other global markets. Additionally, during the first half of 2016, several manufacturers have issued stop sales on a number of vehicle models due to recall campaigns that has contributed to an increase in our new and used inventory. The 91.0% decline in Brazil for the six months ended June 30, 2016 was driven by a decrease in weighted average borrowings outstanding when compared to the same period in 2015, resulting from improved inventory levels and strategic cash management.
Other Interest Expense, net
Other interest expense, net consists of interest charges primarily on our real estate related debt, working capital lines of credit and our other long-term debt, partially offset by interest income. For the three months ended June 30, 2016, other interest expense increased $2.5 million, or 17.4%, to $16.7 million, as compared to the same period in 2015. For the six months ended June 30, 2016, other net interest expense increased $5.5 million, or 19.5%, to $33.6 million, as compared to the same period in 2015. This increase was primarily attributable to interest incurred on our 5.25% Notes (defined below), issued in December 2015, and used to fund the outstanding borrowings of the Company's acquisition line of credit, pay off certain mortgages, contribute to the Company's floorplan offset accounts, and for general corporate purposes.
Provision for Income Taxes
Our provision for income taxes decreased $5.0 million to $22.5 million for the three months ended June 30, 2016, as compared to the same period in 2015 and $6.8 million to $42.3 million for the six months ended June 30, 2016, as compared to the same period in 2015. These decreases were primarily due to the decrease of pretax book income. For the three months ended June 30, 2016, our effective tax rate decreased to 32.6% from 37.2% as compared to the same period in 2015. For the six months ended June 30, 2016, our effective tax rate decreased to 34.3% from 37.4% from the same period in 2015. These decreases were primarily due to the mix effect resulting from proportionately more pretax income generated in the Company's U.K. region, as well as the mix of pretax income between our U.S and foreign jurisdictions in which the Company operates and the tax impact of a dealership disposition in Brazil, partially offset by taxes provided for in U.S. state jurisdictions and valuation allowances provided for net operating losses and other deferred tax assets in certain U.S states and in Brazil.
On an adjusted basis, for the three months ended June 30, 2016, our effective adjusted tax rate decreased to 35.1% from 36.9% as compared to the same period in 2015. For the six months ended June 30, 2016, our effective adjusted tax rate decreased to 35.4% from 37.2% for the same period in 2015. These decreases were due to the aforementioned items related to the tax rates.
We expect our effective tax rate for the remainder of 2016 will be approximately 37.0%. We believe that it is more likely than not that our deferred tax assets, net of valuation allowances provided, will be realized, based primarily on the assumption of future taxable income and taxes available in carry back periods.
Liquidity and Capital Resources
Our liquidity and capital resources are primarily derived from cash on hand, cash temporarily invested as a pay down of Floorplan Line and FMCC Facility (defined below) levels, cash from operations, borrowings under our credit facilities, which provide vehicle floorplan financing, working capital and dealership and real estate acquisition financing, and proceeds from debt and equity offerings. Based on current facts and circumstances, we believe we will have adequate cash flow, coupled with available borrowing capacity, to fund our current operations, capital expenditures and acquisitions for the remainder of 2016. If

60


economic and business conditions deteriorate or if our capital expenditures or acquisition plans for 2016 change, we may need to access the private or public capital markets to obtain additional funding.
Cash on Hand. As of June 30, 2016, our total cash on hand was $25.0 million. The balance of cash on hand excludes $63.0 million of immediately available funds used to pay down our Floorplan Line and FMCC Facility (defined below) as of June 30, 2016. We use the pay down of our Floorplan Line and FMCC Facility as a channel for the short-term investment of excess cash.
Cash Flows. With respect to all new vehicle floorplan borrowings in the normal course of business, the manufacturers of the vehicles draft our credit facilities directly with no cash flow to or from us. With respect to borrowings for used vehicle financing, we finance up to 85% of the value of our used vehicle inventory in the U.S., and the funds flow directly to us from the lender. All borrowings from, and repayments to, lenders affiliated with our vehicle manufacturers (excluding the cash flows from or to manufacturer-affiliated lenders participating in our syndicated lending group) are presented within Cash Flows from Operating Activities on the Consolidated Statements of Cash Flows in conformity with U.S. GAAP. All borrowings from, and repayments to, the Revolving Credit Facility (defined below) (including the cash flows from or to manufacturer-affiliated lenders participating in the facility) and other credit facilities in Brazil unaffiliated with our manufacturer partners (collectively, "Non-OEM Floorplan Credit Facilities"), are presented within Cash Flows from Financing Activities in conformity with U.S. GAAP. However, the incurrence of all floorplan notes payable represents an activity necessary to acquire inventory for resale, resulting in a trade payable. Our decision to utilize our Revolving Credit Facility does not substantially alter the process by which our vehicle inventory is financed, nor does it significantly impact the economics of our vehicle procurement activities. Therefore, we believe that all floorplan financing of inventory purchases in the normal course of business should correspond with the related inventory activity and be classified as an operating activity. As a result, we use the non-GAAP financial liquidity measure "Adjusted net cash provided by operating activities" to supplement our evaluation of cash flows. We believe that this classification eliminates excess volatility in our operating cash flows prepared in accordance with U.S. GAAP and avoids the potential to mislead the users of our financial statements.
In addition, because the majority of our dealership acquisitions and dispositions are negotiated as asset purchases, we do not assume transfer of liabilities for floorplan financing in the execution of the transactions. Therefore, borrowings and repayments of all floorplan financing associated with dealership acquisition and disposition are characterized as either operating or financing activities in our statement of cash flows presented in conformity with U.S. GAAP, depending on the relationship described above. However, the floorplan financing activity is so closely related to the inventory acquisition process that we believe the presentation of all acquisition and disposition related floorplan financing activities should be classified as investing activity to correspond with the associated inventory activity, and we have made such adjustments in our adjusted cash flow presentations.
The following tables set forth selected historical information regarding cash flows from our Consolidated Statements of Cash Flows on a GAAP and on an adjusted, non-GAAP basis. For further explanation and reconciliation to the most directly comparable GAAP measures, see "Non-GAAP Financial Measures" below. 
 
 
Six Months Ended June 30,
GAAP Basis
 
2016
 
2015
 
 
(In thousands)
Net cash provided by operating activities
 
$
172,867

 
$
80,575

Net cash used in investing activities
 
(107,870
)
 
(165,636
)
Net cash provided by (used in) financing activities
 
(55,325
)
 
69,923

Effect of exchange rate changes on cash
 
2,256

 
(1,612
)
Net increase (decrease) in cash and cash equivalents
 
$
11,928

 
$
(16,750
)
 
 
Six Months Ended June 30,
Adjusted, Non-GAAP Basis
 
2016
 
2015
 
 
(In thousands)
Adjusted net cash provided by operating activities
 
$
152,095

 
$
136,973

Adjusted net cash used in investing activities
 
(112,292
)
 
(154,977
)
Adjusted net cash provided by (used in) financing activities
 
(30,131
)
 
2,866

Effect of exchange rate changes on cash
 
2,256

 
(1,612
)
Net increase (decrease) in cash and cash equivalents
 
$
11,928

 
$
(16,750
)

61


Sources and Uses of Liquidity from Operating Activities
For the six months ended June 30, 2016, we generated $172.9 million of net cash flow from operating activities, primarily consisting of $80.9 million in net income, adjusted for non-cash items related to depreciation and amortization of $25.2 million, stock-based compensation of $10.2 million, and deferred income taxes of $8.0 million, as well as a $45.5 million net change in operating assets and liabilities. Included in the net changes of operating assets and liabilities were cash inflows of $8.6 million from the net decrease in accounts and notes receivable, $15.5 million from increases in accounts payable and accrued expenses, $44.7 million from decreases of vehicle receivables and contracts-in-transit, and $15.6 million from the net decrease in prepaid expenses and other assets. These cash inflows were partially offset by cash outflows of $22.1 million from increases in inventory levels and $17.3 million from the net decrease in floorplan borrowings. After adjusting for $27.2 million of cash outflows related to the net change in our Non-OEM Floorplan Credit Facilities, excluding the change in our floorplan offset accounts and net dealership acquisition and disposition activity, as well as $6.4 million of net cash outflows associated with the change in our manufacturer-affiliated floorplan notes payable related to net dealership acquisition and disposition activity, and the change in our FMCC floorplan offset account, our adjusted net cash flow generated from operating activities for the six months ended June 30, 2016 was $152.1 million.
For the six months ended June 30, 2015, we generated $80.6 million of net cash flow from operating activities, primarily consisting of $82.1 million in net income, adjusted for non-cash items related to depreciation and amortization of $23.6 million, deferred income taxes of $8.1 million, and stock-based compensation of $9.5 million. Cash inflows were partially offset by a $44.9 million net change in operating assets and liabilities. Included in the net changes of operating assets and liabilities were cash inflows of $3.2 million from decreases of vehicle receivables and contracts-in-transit, $1.4 million from the net decrease in accounts and notes receivable, $3.4 million from the net decrease in prepaid expenses and other assets, $4.9 million from the net increases in floorplan borrowings, and $31.2 million from increases in accounts payable and accrued expenses. These cash inflows were more than offset by cash outflows of $88.7 million from increases in inventory levels. After adjusting for $66.3 million of cash inflows related to the net change in our Non-OEM Floorplan Credit Facilities, excluding the change in our floorplan offset accounts and net dealership acquisition and disposition activity, as well as $9.9 million of net cash inflows associated with the change in our floorplan notes payable related to net dealership acquisition and disposition activity, and the change in our FMCC floorplan offset account, our adjusted net cash flow generated from operating activities for the six months ended June 30, 2015 was $137.0 million.
Working Capital. At June 30, 2016, we had $90.1 million of working capital. Changes in our working capital are explained primarily by changes in floorplan notes payable outstanding. Borrowings on our new vehicle floorplan notes payable, subject to agreed upon pay-off terms, are equal to 100% of the factory invoice of the vehicles. Borrowings on our used vehicle floorplan notes payable, subject to agreed upon pay-off terms, are limited to 85% of the aggregate book value of our used vehicle inventory, except in the U.K. and Brazil. At times, we have made payments on our floorplan notes payable using excess cash flow from operations and the proceeds of debt and equity offerings. As needed, we re-borrow the amounts later, up to the limits on the floorplan notes payable discussed above, for working capital, acquisitions, capital expenditures or general corporate purposes.
Sources and Uses of Liquidity from Investing Activities
During the six months ended June 30, 2016, we used $107.9 million in net cash flow for investing activities. Included in the total cash use for the six months ended June 30, 2016, we used $54.7 million of cash flows for dealership acquisition activity. We also used $70.3 million during the first six months of 2016 for purchases of property and equipment and to construct new and improve existing facilities, consisting of $50.9 million for capital expenditures, $7.9 million for the purchase of real estate associated with existing dealership operations and an $11.5 million net decrease in the accrual for capital expenditures from year-end. These cash outflows were partially offset by cash inflows of $14.0 million related to dispositions of franchises and fixed assets. After adjusting for $4.4 million of cash outflows associated with the change in floorplan notes payable in conjunction with dealership disposition activity, our adjusted net cash flow used in investing activities for the six months ended June 30, 2016 was $112.3 million.
During the six months ended June 30, 2015, we used $165.6 million for investing activities. Included in the total cash use for the six months ended June 30, 2015, we used $130.8 million of cash flows for dealership acquisition activity. We also used $48.5 million during the first six months of 2015 for purchases of property and equipment and to construct new and improve existing facilities, consisting of $27.1 million for capital expenditures, $5.9 million for the purchase of real estate associated with existing dealership operations and a $15.4 million net decrease in the accrual for capital expenditures from year-end. These cash outflows were partially offset by cash inflows of $7.3 million related to dispositions of franchises and fixed assets. After adjusting for $14.4 million of cash inflows associated with the change in floorplan notes payable in conjunction with dealership acquisition activity and $3.8 million of cash outflows associated with the change in floorplan notes payable in conjunction with dealership disposition activity, our adjusted net cash flow used in investing activities for the six months ended June 30, 2015 was $155.0 million.

62


Capital Expenditures. Our capital expenditures include costs to extend the useful lives of current facilities, as well as to start or expand operations. In general, expenditures relating to the construction or expansion of dealership facilities are driven by dealership acquisition activity, new franchises being granted to us by a manufacturer, significant growth in sales at an existing facility, relocation opportunities, or manufacturer imaging programs. We critically evaluate all planned future capital spending, working closely with our manufacturer partners to maximize the return on our investments. We forecast our capital expenditures for the full year of 2016 will be less than $135 million, which could generally be funded from excess cash.
Acquisitions. We usually purchase businesses based on expected return on investment. In general, the purchase price, excluding real estate and floorplan liabilities, is approximately 15% to 20% of the annual revenue. Cash needed to complete our acquisitions normally comes from excess working capital, operating cash flows of our dealerships, and borrowings under our floorplan facilities, term loans and our Acquisition Line (defined below).
Sources and Uses of Liquidity from Financing Activities
For the six months ended June 30, 2016, we used $55.3 million in net cash flow from financing activities, primarily related to cash outflows of $115.2 million to repurchase our Company's common stock, $2.6 million of net payments of other debt, $10.1 million for dividend payments. These cash outflows were partially offset by cash inflows of $47.2 million in net borrowings on our Floorplan Line, $10.0 million of net borrowings on our Acquisition Line and $18.5 million in net borrowings of long-term debt related to real estate loans. Adjusting for $24.3 million of cash outflows from net repayments associated with our non-OEM floorplan notes payable, the adjusted cash flow from financing activities associated with our Floorplan Line was $71.5 million (representing the net cash activity in our floorplan offset accounts). In total, we used $30.1 million in adjusted net cash flow from financing activities.
For the six months ended June 30, 2015, we generated $69.9 million in net cash flows from financing activities, primarily related to cash inflows of $21.8 million of net borrowings on our Acquisition Line (defined below), $83.8 million of net borrowings on our Floorplan Line and $8.1 million of net borrowings of long-term debt related to real estate loans. These cash inflows were partially offset by $9.7 million for dividend payments, $33.1 million to repurchase our Company's common stock and $1.2 million in net payments of other debt. Adjusting for $67.4 million of cash inflows from net borrowings associated with our non-OEM floorplan notes payable, the adjusted cash flow from financing activities with our Floorplan Line was $16.4 million (representing the net cash activity in our floorplan offset accounts). In total, we generated $2.9 million in adjusted net cash flow from financing activities.
Credit Facilities, Debt Instruments and Other Financing Arrangements. Our various credit facilities, debt instruments and other financing arrangements are used to finance the purchase of inventory and real estate, provide acquisition funding and provide working capital for general corporate purposes.
Revolving Credit Facility. On June 17, 2016, we amended our revolving credit facility principally to increase the total borrowing capacity from $1.7 billion to $1.8 billion and to extend the term from an expiration date of June 20, 2018 to June 17, 2021 (the "Revolving Credit Facility"). The Revolving Credit Facility, which is comprised of 24 financial institutions, including six manufacturer-affiliated finance companies, consists of two tranches, providing a maximum of $1.75 billion for U.S. vehicle inventory floorplan financing (“Floorplan Line”), as well as a maximum of $360.0 million and a minimum of $50.0 million for working capital and general corporate purposes, including acquisitions (“Acquisition Line”). The capacity under these two tranches can be re-designated within the overall $1.8 billion commitment, subject to the aforementioned limits. Up to $125.0 million of the Acquisition Line can be borrowed in either euros or British pound sterling. The Revolving Credit Facility can be expanded to a maximum commitment of $2.1 billion, subject to participating lender approval. The Floorplan Line bears interest at rates equal to the LIBOR plus 125 basis points for new vehicle inventory and the LIBOR plus 150 basis points for used vehicle inventory. The Acquisition Line bears interest at the LIBOR plus 150 basis points plus a margin that ranges from zero to 100 basis points for borrowings in U.S. dollars and LIBOR equivalent plus 125 to 250 basis points on borrowings in euros or British pound sterling, depending on our total adjusted leverage ratio. The Floorplan Line requires a commitment fee of 0.15% per annum on the unused portion. The Acquisition Line also requires a commitment fee ranging from 0.20% to 0.45% per annum, depending on our total adjusted leverage ratio, based on a minimum commitment of $50.0 million less outstanding borrowings.
After considering the outstanding balance of $1,198.1 million at June 30, 2016, we had $241.9 million of available floorplan borrowing capacity under the Floorplan Line. Included in the $241.9 million available borrowings under the Floorplan Line was $35.5 million of immediately available funds. The weighted average interest rate on the Floorplan Line was 1.7% as of June 30, 2016, excluding the impact of our interest rate swaps. With regards to the Acquisition Line, borrowings outstanding as of June 30, 2016 were $10.0 million. After considering $37.1 million of outstanding letters of credit and other factors included in our available borrowing base calculation, there was $252.3 million of available borrowing capacity under the Acquisition Line as of June 30, 2016. The amount of available borrowing capacity under the Acquisition Line is limited from time to time based upon certain debt covenants.

63


All of our U.S. dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility. Our obligations under the Revolving Credit Facility are secured by essentially all of our U.S. personal property (other than equity interests in dealership-owning subsidiaries), including all motor vehicle inventory and proceeds from the disposition of dealership-owning subsidiaries, excluding inventory financed directly with manufacturer-affiliates and other third-party financing institutions. The Revolving Credit Facility contains a number of significant covenants that, among other things, restrict our ability to make disbursements outside of the ordinary course of business, dispose of assets, incur additional indebtedness, create liens on assets, make investments and engage in mergers or consolidations. We are also required to comply with specified financial tests and ratios defined in the Revolving Credit Facility, such as the fixed charge coverage and total adjusted leverage ratios. Further, the Revolving Credit Facility restricts our ability to make certain payments, such as dividends or other distributions of assets, properties, cash, rights, obligations or securities (“Restricted Payments”). The Restricted Payments cannot exceed the sum of $208.5 million plus (or minus if negative) (a) one-half of the aggregate consolidated net income for the period beginning on April 1, 2014 and ending on the date of determination and (b) the amount of net cash proceeds received from the sale of capital stock after June 2, 2014 and ending on the date of determination less (c) cash dividends and share repurchases after June 2, 2014 (“Credit Facility Restricted Payment Basket”). For purposes of the calculation of the Credit Facility Restricted Payment Basket, net income represents such amounts per our consolidated financial statements, adjusted to exclude our foreign operations, non-cash interest expense, non-cash asset impairment charges, and non-cash stock-based compensation. As of June 30, 2016, the Credit Facility Restricted Payment Basket totaled $108.8 million.
As of June 30, 2016, we were in compliance with all our financial covenants, including:
 
As of June 30, 2016
 
Required
 
Actual
Total Adjusted Leverage Ratio
< 5.50
 
3.89

Fixed Charge Coverage Ratio
> 1.20
 
2.31

Based upon our current five-year operating and financial projections, we believe that we will remain compliant with such covenants in the future.
Ford Motor Credit Company Facility. Our floorplan financing arrangement ("FMCC Facility") with Ford Motor Credit Company ("FMCC") provides for the financing of, and is collateralized by, our U.S. Ford new vehicle inventory, including affiliated brands. This arrangement provides for $300.0 million of floorplan financing and is an evergreen arrangement that may be canceled with 30 days' notice by either party. As of June 30, 2016, we had an outstanding balance of $159.0 million under the FMCC Facility with an available floorplan borrowing capacity of $141.0 million. Included in the $141.0 million available borrowings under the FMCC Facility was $27.5 million of immediately available funds. This facility bears interest at a rate of Prime plus 150 basis points minus certain incentives. The interest rate on the FMCC Facility was 5.00% before considering the applicable incentives as of June 30, 2016.
The following table summarizes the position of our U.S. credit facilities as of June 30, 2016
 
 
As of June 30, 2016
U.S. Credit Facilities
 
Total
Commitment
 
Outstanding
 
Available
 
 
 
 
(In thousands)
 
 
Floorplan Line (1) 
 
$
1,440,000

 
$
1,198,057

 
$
241,943

Acquisition Line (2) 
 
360,000

 
47,139

 
252,301

Total Revolving Credit Facility
 
1,800,000

 
1,245,196

 
494,244

FMCC Facility (3)
 
300,000

 
159,022

 
140,978

Total U.S. Credit Facilities (4) 
 
$
2,100,000

 
$
1,404,218

 
$
635,222


(1)
The available balance at June 30, 2016 includes $35.5 million of immediately available funds.
(2)
The outstanding balance of $47.1 million is related to outstanding letters of credit of $37.1 million and $10.0 million in borrowings as of June 30, 2016. The available borrowings may be limited from time to time, based on certain debt covenants.
(3)
The available balance at June 30, 2016 includes $27.5 million of immediately available funds.
(4)
The outstanding balance excludes $216.5 million of borrowings with manufacturer-affiliates and third-party financial institutions for foreign and rental vehicle financing not associated with any of our U.S. credit facilities.

Other Inventory Credit Facilities. We have credit facilities with BMW Financial Services, Volkswagen Finance and FMCC for the financing of new, used and rental vehicle inventories related to our U.K. operations. These facilities are denominated in British pound sterling and are evergreen arrangements that may be canceled with notice by either party and bear interest at a base rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates

64


charged on borrowings outstanding under these facilities range from 1.73% to 3.95%. As of June 30, 2016, borrowings outstanding under these facilities totaled $83.8 million.
We have credit facilities with financial institutions in Brazil, most of which are affiliated with the manufacturers, for the financing of new, used and rental vehicle inventories related to our Brazil operations. These facilities are denominated in Brazilian real and have renewal terms ranging from one month to twelve months. They may be canceled with notice by either party and bear interest at a benchmark rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities, after the grace period of zero to 90 days, range from 16.77% to 24.45%. As of June 30, 2016, borrowings outstanding under these facilities totaled $16.7 million.
Other Inventory Financing Arrangements. Excluding rental vehicles financed through the Revolving Credit Facility, financing for U.S. rental vehicles is typically obtained directly from the automobile manufacturers. These financing arrangements generally require small monthly payments and mature in varying amounts over a period of two years. The interest rate charged on borrowings related to our rental vehicle fleet varies up to 5.00%. Rental vehicles are typically transferred to used vehicle inventory when they are removed from service and repayment of the borrowing is required at that time. As of June 30, 2016, borrowings outstanding under these facilities totaled $116.0 million.
Stock Issuances. No shares of our common stock were issued during the three months ended June 30, 2016 nor June 30, 2015.
Stock Repurchases. From time to time, our Board of Directors gives authorization to repurchase shares of our common stock, subject to the restrictions of various debt agreements and our judgment. The Company issues new shares or treasury shares, if available, when restricted stock vests. With respect to shares issued under the Employee Stock Purchase Plan, as amended (the "Purchase Plan", formerly named the 1998 Employee Stock Purchase Plan), the Company's Board of Directors has authorized specific share repurchases to fund the shares issuable under the Purchase Plan.
In February 2016, our Board of Directors authorized a new purchase program of up to $150.0 million of our common shares, replacing any amount remaining from the November 2015 authorization. In the three months ended June 30, 2016, we repurchased 1,462,144 shares at an average price of $56.97 for an aggregate cost of $83.3 million, leaving $34.8 million of repurchase authorization remaining. Future repurchases are subject to the discretion of our Board of Directors after considering our results of operations, financial condition, cash flows, capital requirements, existing debt covenants, outlook for our business, general business conditions and other factors. We adopted a Rule 10b5-1 trading plan during the three months ended June 30, 2016, effective from July 1, 2016 to July 31, 2016. Under the plan, we have purchased an additional 244,205 shares subsequent to June 30, 2016 at an average price of $50.61 for an aggregate cost of $12.4 million, leaving $22.4 million of repurchase authorization remaining.
Dividends. The payment of dividends is subject to the discretion of our Board of Directors after considering the results of operations, financial condition, cash flows, capital requirements, outlook for our business, general business conditions, the political and legislative environments and other factors.
Further, we are limited under the terms of the Revolving Credit Facility, certain Real Estate Notes (defined below) 5.00% Senior Notes and 5.25% Senior Notes in our ability to make cash dividend payments to our stockholders and to repurchase shares of our outstanding common stock, based primarily on our quarterly net income or loss. As of June 30, 2016, the most stringent of the restricted payment baskets limits us to $108.8 million in restricted payments. The Credit Facility Restricted Payment Basket will increase in the future periods by 50.0% of our future cumulative net income, adjusted to exclude the Company's foreign operations, non-cash interest expense, non-cash asset impairment charges, and non-cash stock-based compensation, plus the net proceeds received from the sale of our capital stock, and decrease by the amount of future payments for cash dividends and share repurchases. For the three months ended June 30, 2016, we paid dividends of $4.8 million to common stock shareholders and $0.2 million to unvested restricted stock award holders.
5.00% Senior Notes. On June 2, 2014, we issued $350.0 million aggregate principal amount of our 5.00% Senior Notes due 2022 ("5.00% Notes"). Subsequently, on September 9, 2014, we issued an additional $200.0 million of 5.00% Notes at a discount of 1.5% from face value. The 5.00% Notes will mature on June 1, 2022 and pay interest semiannually, in arrears, in cash on each June 1 and December 1, beginning December 1, 2014. Using proceeds of certain equity offerings, we may redeem up to 35.0% of the 5.00% Notes prior to June 1, 2017, subject to certain conditions, at a redemption price equal to 105% of principal amount of the 5.00% Notes plus accrued and unpaid interest. Otherwise, we may redeem some or all of the 5.00% Notes prior to June 1, 2017 at a redemption price equal to 100% of the principal amount of the 5.00% Notes redeemed, plus an applicable premium, and plus accrued and unpaid interest. On or after June 1, 2017, we may redeem some or all of the 5.00% Notes at specified prices, plus accrued and unpaid interest. We may be required to purchase the 5.00% Notes if we sell certain assets or trigger the change in control provisions defined in the 5.00% Notes indenture. The 5.00% Notes are senior unsecured obligations and rank equal in right of payment to all of our existing and future senior unsecured debt and senior in right of payment to all of our future subordinated debt. The 5.00% Notes are guaranteed by substantially all of our U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of our U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.00% Notes are structurally subordinated to the liabilities of our non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.00% Notes is the same as under the Credit Facility Restricted Payment Basket. The 5.00% Notes were registered with the Securities and Exchange Commission in June 2015.
The underwriters' fees, discount and capitalized debt issuance costs relative to the 5.00% Notes totaled $13.1 million. These amounts are included as a direct reduction of the 5.00% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years in conjunction with the term of the 5.00% Notes. The 5.00% Notes are presented net of unamortized underwriters' fees, discount and debt issuance costs of $10.3 million as of June 30, 2016.
5.25% Senior Notes. On December 8, 2015, we issued $300.0 million aggregate principal amount of our 5.25% Notes due to mature on December 15, 2023 ("5.25% Notes") in a private placement exempt from the registration requirements of the SEC. The 5.25% Notes and the related guarantees have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction. The 5.25% Notes pay interest semiannually, in arrears, in cash on each June 15 and December 15, beginning June 15, 2016. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.25% Notes prior to December 15, 2018, subject to certain conditions, at a redemption price equal to 105.25% of principal amount of the 5.25% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.25% Notes prior to December 15, 2018 at a redemption price equal to 100% of the principal amount of the 5.25% Notes redeemed, plus an applicable make-whole premium, plus accrued and unpaid interest. On or after December 15, 2018, the Company may redeem some or all of the 5.25% Notes at specified prices, plus accrued and unpaid interest. We may be required to purchase the 5.25% Notes if we sell certain assets or trigger the change in control provisions defined in the 5.25% Notes indenture. The 5.25% Notes are senior unsecured obligations and rank equal in right of payment to all of our existing and future senior unsecured debt and senior in right of payment to all of our future subordinated debt. The 5.25% Notes are guaranteed by substantially all of our U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of our U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.25% Notes are structurally subordinated to the liabilities of our non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.25% Notes is the same as under the Credit Facility Restricted Payment Basket.
The underwriters' fees and capitalized debt issuance costs relative to the 5.25% Notes totaled $5.0 million. These amounts are included as a direct reduction of the 5.25% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years in conjunction with the term of the 5.25% Notes. The 5.25% Notes are presented net of unamortized underwriters' fees and debt issuance costs of $4.7 million as of June 30, 2016.

65


Real Estate Related and Other Long-Term Debt. We have entered into separate term mortgage loans in the U.S. with three of our manufacturer-affiliated finance partners, Toyota Motor Credit Corporation, BMW Financial Services NA, LLC and FMCC, as well as several third-party financial institutions (collectively, “Real Estate Notes”). The Real Estate Notes may be expanded for borrowings related to specific buildings and/or properties and are guaranteed by us. Each loan was made in connection with, and is secured by mortgage liens on, the real property owned by us that is mortgaged under the Real Estate Notes. The Real Estate Notes bear interest at fixed rates between 3.00% and 4.69%, and at variable indexed rates plus a spread between 1.50% and 2.50% per annum. As of June 30, 2016, the aggregate outstanding balance under these Real Estate Notes was $318.8 million, with $23.6 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets.
Additionally, we have entered into 13 separate term mortgage loans in the U.K. with other third-party financial institutions which are secured by our U.K. properties. These mortgage loans (collectively, “U.K. Notes”) are denominated in British pound sterling and are being repaid in monthly installments that will mature by September 2034. As of June 30, 2016, borrowings under the U.K. Notes totaled $57.1 million, with $4.7 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets.
We have a separate term mortgage loan in Brazil with a third-party financial institution (the "Brazil Note"). The Brazil Note is denominated in Brazilian real and is secured by one of the Company’s Brazilian properties, as well as a guarantee from the Company. The Brazil Note is being repaid in monthly installments that will mature by April 2025. As of June 30, 2016, borrowings under the Brazil Note totaled $4.1 million, with $0.4 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets.
We also have working capital loan agreements with third-party financial institutions in Brazil. The principal balance on these loans is due by February 2017 with interest only payments being made until the due date. As of June 30, 2016, borrowings under the Brazilian third-party loans totaled $6.8 million.
Non-GAAP Financial Measures
In addition to evaluating the financial condition and results of our operations in accordance with GAAP, from time to time our management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, and profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering alternative financial measures not prepared in accordance with GAAP. This includes evaluating measures such as adjusted selling, general and administrative expenses, adjusted net income and adjusted diluted income per share. These adjusted measures are not measures of financial performance under U.S. GAAP, but are instead considered non-GAAP financial performance measures. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not be comparable to similarly titled measures used by other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with GAAP. We caution investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable GAAP measures. In our evaluation of results from time to time, we exclude items that do not arise directly from core operations, such as non-cash asset impairment charges, gains and losses on dealership franchise or real estate transactions, and catastrophic weather events such as hail storms, hurricanes, and snow storms. Because these non-core charges and gains materially affect the Company's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items. In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Our management also uses these adjusted measures in conjunction with U.S. GAAP financial measures to assess our business, including communication with our Board of Directors, investors and industry analysts concerning financial performance. We disclose these non-GAAP measures, and the related reconciliations, because we believe investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The exclusion of certain expenses in the calculation of non-GAAP financial measures should not be construed as an inference that these costs are unusual or infrequent. We anticipate excluding these expenses in the future presentation of our non-GAAP financial measures.
The following tables reconcile certain reported non-GAAP measures to the most comparable GAAP measure from our Statements of Operations by segment and on a consolidated basis (dollars in thousands, except per share amounts). Only adjusted amounts are reconciled below.
 
 
 
 
Adjustments for:
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
 

66


 
 
U.S. GAAP
 
Catastrophic events
 
Gain / loss on real estate and dealership transactions
 
Foreign deferred income tax benefit
 
Non-cash asset impairment
 
Non-GAAP Adjusted
U.S.
Selling, general and administrative expenses
 
$
245,389

 
$
(2,769
)
 
$
(250
)
 
$

 
$

 
$
242,370

Asset impairments
 
1,024

 

 

 

 
(1,024
)
 

Income from operations
 
87,542

 
2,769

 
250

 

 
1,024

 
91,585

Income before income taxes
 
61,784

 
2,769

 
250

 

 
1,024

 
65,827

Provision for income taxes
 
(22,854
)
 
(1,042
)
 
(94
)
 

 
(391
)
 
(24,381
)
Net income
 
$
38,930

 
$
1,727

 
$
156

 
$

 
$
633

 
$
41,446

 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
71.2
 
 
 
 
 
 
 
 
 
70.3

Operating Margin %:
 
4.0
 
 
 
 
 
 
 
 
 
4.1

Pretax Margin %:
 
2.8
 
 
 
 
 
 
 
 
 
3.0

 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
241,144

 
$
(2,769
)
 
$
(250
)
 
$

 
$

 
$
238,125

Same Store SG&A as % Gross Profit:
 
71.3

 
 
 
 
 
 
 
 
 
70.5

 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
85,417

 
$
2,769

 
$
250

 
$

 
$
1,024

 
$
89,460

Same Store Operating Margin %:
 
3.9

 
 
 
 
 
 
 
 
 
4.1

 
 
 
 
 
 
 
 
 
 
 
 
 
BRAZIL
Benefit (provision) for income taxes
 
$
1,958

 
$

 
$

 
$
(1,686
)
 
$

 
$
272

Net income (loss)
 
$
1,307

 
$

 
$

 
$
(1,686
)
 
$

 
$
(379
)
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED
Selling, general and administrative expenses
 
$
299,022

 
$
(2,769
)
 
$
(250
)
 
$

 
$

 
$
296,003

Asset impairments
 
1,024

 

 

 

 
(1,024
)
 

Income from operations
 
97,360

 
2,769

 
250

 

 
1,024

 
101,403

Income before income taxes
 
69,062

 
2,769

 
250

 

 
1,024

 
73,105

Provision for income taxes
 
(22,482
)
 
(1,042
)
 
(94
)
 
(1,686
)
 
(391
)
 
(25,695
)
Net income (loss)
 
$
46,580

 
$
1,727

 
$
156

 
$
(1,686
)
 
$
633

 
$
47,410

Less: Adjusted earnings (loss) allocated to participating securities
 
1,884

 
70

 
6

 
(68
)
 
26

 
1,918

Adjusted net income (loss) available to diluted common shares
 
$
44,696

 
$
1,657

 
$
150

 
$
(1,618
)
 
$
607

 
$
45,492

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted income (loss) per common share
 
$
2.12

 
$
0.08

 
$
0.01

 
$
(0.08
)
 
$
0.03

 
$
2.16

 
 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
 
32.6

 
 
 
 
 
 
 
 
 
35.1

 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
72.9

 
 
 
 
 
 
 
 
 
72.2

Operating Margin %:
 
3.5

 
 
 
 
 
 
 
 
 
3.6

Pretax Margin %:
 
2.5

 
 
 
 
 
 
 
 
 
2.6

 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
279,082

 
$
(2,769
)
 
$
(250
)
 
$

 
$

 
$
276,063

Same Store SG&A as % Gross Profit:
 
72.4

 
 
 
 
 
 
 
 
 
71.6

 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
93,468

 
$
2,769

 
$
250

 
$

 
$
1,024

 
$
97,511


67


Same Store Operating Margin %:
 
3.6

 
 
 
 
 
 
 
 
 
3.8

 
 
 
 
Adjustments for:
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
U.S. GAAP
 
Catastrophic events
 
Gain / loss on real estate and dealership transactions
 
Acquisition costs
 
Foreign deferred income tax benefit
 
Non-cash asset impairment
 
Non-GAAP Adjusted
U.S.
Selling, general and administrative expenses
 
$
491,229

 
$
(5,423
)
 
$
680

 
$
(30
)
 
$

 
$

 
$
486,456

Asset impairments
 
1,533

 

 

 

 

 
(1,533
)
 

Income from operations
 
163,308

 
5,423

 
(680
)
 
30

 

 
1,533

 
169,614

Income (loss) before income taxes
 
111,989

 
5,423

 
(680
)
 
30

 

 
1,533

 
118,295

Benefit (provision) for income taxes
 
(41,685
)
 
(2,038
)
 
255

 
(11
)
 

 
(586
)
 
(44,065
)
Net income (loss)
 
$
70,304

 
$
3,385

 
$
(425
)
 
$
19

 
$

 
$
947

 
$
74,230

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
72.5

 
 
 
 
 
 
 
 
 
 
 
71.8

Operating Margin %:
 
3.8

 
 
 
 
 
 
 
 
 
 
 
4.0

Pretax Margin %:
 
2.6

 
 
 
 
 
 
 
 
 
 
 
2.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
479,250

 
$
(5,423
)
 
$
(385
)
 
$
(30
)
 
$

 
$

 
$
473,412

Same Store SG&A as % Gross Profit:
 
72.6

 
 
 
 
 
 
 
 
 
 
 
71.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
158,174

 
$
5,423

 
$
385

 
$
30

 
$

 
$
1,533

 
$
165,545

Same Store Operating Margin %:
 
3.8

 
 
 
 
 
 
 
 
 
 
 
4.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.K.
Selling, general and administrative expenses
 
$
79,545

 
$

 
$

 
$
(561
)
 
$

 
$

 
$
78,984

Income from operations
 
18,170

 

 

 
561

 

 

 
18,731

Income before income taxes
 
13,449

 

 

 
561

 

 

 
14,010

Net income
 
$
10,693

 
$

 
$

 
$
561

 
$

 
$

 
$
11,254

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
78.7

 
 
 
 
 
 
 
 
 
 
 
78.1

Operating Margin %:
 
2.0

 
 
 
 
 
 
 
 
 
 
 
2.1

Pretax Margin %:
 
1.5

 
 
 
 
 
 
 
 
 
 
 
1.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
55,280

 
$

 
$

 
$
(561
)
 
$

 
$

 
$
54,719

Same Store SG&A as % Gross Profit:
 
76.0

 
 
 
 
 
 
 
 
 
 
 
75.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
15,102

 
$

 
$

 
$
561

 
$

 
$

 
$
15,663

Same Store Operating Margin %:
 
2.4

 
 
 
 
 
 
 
 
 
 
 
2.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BRAZIL
Selling, general and administrative expenses
 
$
21,913

 
$

 
$
(371
)
 
$

 
$

 
$

 
$
21,542

Asset impairments
 
423

 

 
(423
)
 

 

 

 

Income (loss) from operations
 
(2,077
)
 

 
794

 

 

 

 
(1,283
)

68


Income (loss) before income taxes
 
(2,274
)
 

 
794

 

 

 

 
(1,480
)
Benefit (provision) for income taxes
 
2,148

 

 

 

 
(1,686
)
 

 
462

Net income (loss)
 
$
(126
)
 
$

 
$
794

 
$

 
$
(1,686
)
 
$

 
$
(1,018
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
105.2

 
 
 
 
 
 
 
 
 
 
 
103.4

Operating Margin %:
 
(1.0
)
 
 
 
 
 
 
 
 
 
 
 
(0.6
)
Pretax Margin %:
 
(1.1
)
 
 
 
 
 
 
 
 
 
 
 
(0.7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income (loss) from operations
 
$
(441
)
 
$

 
$

 
$

 
$

 
$
423

 
$
(18
)
Same Store Operating Margin %:
 
(0.2
)
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED
Selling, general and administrative expenses
 
$
592,687

 
$
(5,423
)
 
$
310

 
$
(591
)
 
$

 
$

 
$
586,983

Asset impairments
 
1,956

 

 
(423
)
 

 

 
(1,533
)
 

Income from operations
 
179,401

 
5,423

 
113

 
591

 

 
1,533

 
187,061

Income before income taxes
 
123,164

 
5,423

 
113

 
591

 

 
1,533

 
130,824

Benefit (provision) for income taxes
 
(42,293
)
 
(2,038
)
 
255

 
(11
)
 
(1,686
)
 
(586
)
 
(46,359
)
Net income (loss)
 
$
80,871

 
$
3,385

 
$
368

 
$
580

 
$
(1,686
)
 
$
947

 
$
84,465

Less: Adjusted earnings (loss) allocated to participating securities
 
3,223

 
135

 
15

 
23

 
(67
)
 
38

 
3,367

Adjusted net income (loss) available to diluted common shares
 
$
77,648

 
$
3,250

 
$
353

 
$
557

 
$
(1,619
)
 
$
909

 
$
81,098

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted income (loss) per common share
 
$
3.57

 
$
0.15

 
$
0.02

 
$
0.02

 
$
(0.07
)
 
$
0.04

 
$
3.73

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
 
34.3

 
 
 
 
 
 
 
 
 
 
 
35.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
74.2

 
 
 
 
 
 
 
 
 
 
 
73.4

Operating Margin %:
 
3.3

 
 
 
 
 
 
 
 
 
 
 
3.5

Pretax Margin %:
 
2.3

 
 
 
 
 
 
 
 
 
 
 
2.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
554,409

 
$
(5,423
)
 
$
(385
)
 
$
(591
)
 
$

 
$

 
$
548,010

Same Store SG&A as % Gross Profit:
 
73.6

 
 
 
 
 
 
 
 
 
 
 
72.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
172,835

 
$
5,423

 
$
385

 
$
591

 
$

 
$
1,956

 
$
181,190

Same Store Operating Margin %:
 
3.5

 
 
 
 
 
 
 
 
 
 
 
3.6

 
 
 
 
Adjustments for:
 
 
 
 
 
Three Months Ended June 30, 2015
 
 
 
U.S. GAAP
 
Catastrophic events
 
Gain / loss on real estate and dealership transactions
 
Severance costs
 
Legal settlements
 
Non-cash asset impairment
 
Non-GAAP Adjusted
U.S.
Selling, general and administrative expenses
 
$
239,863

 
$
(951
)
 
$
1,052

 
$

 
$
(1,000
)
 
$

 
$
238,964

Asset impairments
 
498

 

 

 

 

 
(498
)
 

Income (loss) from operations
 
91,465

 
951

 
(1,052
)
 

 
1,000

 
498

 
92,862


69


Income (loss) before income taxes
 
69,434

 
951

 
(1,052
)
 

 
1,000

 
498

 
70,831

Benefit (provision) for income taxes
 
(26,291
)
 
(359
)
 
452

 

 
(390
)
 
(191
)
 
(26,779
)
Net income (loss)
 
$
43,143

 
$
592

 
$
(600
)
 
$

 
$
610

 
$
307

 
$
44,052

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
70.1

 
 
 
 
 
 
 
 
 
 
 
69.8

Operating Margin %:
 
4.0

 
 
 
 
 
 
 
 
 
 
 
4.1

Pretax Margin %:
 
3.0

 
 
 
 
 
 
 
 
 
 
 
3.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
234,247

 
$
(951
)
 
$
(364
)
 
$

 
$
(1,000
)
 
$

 
$
231,932

Same Store SG&A as % Gross Profit:
 
70.1

 
 
 
 
 
 
 
 
 
 
 
69.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
89,539

 
$
951

 
$
364

 
$

 
$
1,000

 
$
496

 
$
92,350

Same Store Operating Margin %:
 
4.0

 
 
 
 
 
 
 
 
 
 
 
4.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.K.
Selling, general and administrative expenses
 
$
26,641

 
$

 
$

 
$
(208
)
 
$

 
$

 
$
26,433

Income from operations
 
6,208

 

 

 
208

 

 

 
6,416

Income before income taxes
 
4,829

 

 

 
208

 

 

 
5,037

Provision for income taxes
 
(1,008
)
 

 

 
(41
)
 

 

 
(1,049
)
Net income
 
$
3,821

 
$

 
$

 
$
167

 
$

 
$

 
$
3,988

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
78.5

 
 
 
 
 
 
 
 
 
 
 
77.9

Operating Margin %:
 
2.0

 
 
 
 
 
 
 
 
 
 
 
2.1

Pretax Margin %:
 
1.6

 
 
 
 
 
 
 
 
 
 
 
1.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
26,653

 
$

 
$

 
$
(208
)
 
$

 
$

 
$
26,445

Same Store SG&A as % Gross Profit:
 
78.6

 
 
 
 
 
 
 
 
 
 
 
78.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
6,189

 
$

 
$

 
$
208

 
$

 
$

 
$
6,397

Same Store Operating Margin %:
 
2.0

 
 
 
 
 
 
 
 
 
 
 
2.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BRAZIL
Asset impairments
 
$
541

 
$

 
$

 
$

 
$

 
$
(541
)
 
$

Income from operations
 
347

 

 

 

 

 
541

 
888

Income (loss) before income taxes
 
(486
)
 

 

 

 

 
541

 
55

Net income (loss)
 
$
(654
)
 
$

 
$

 
$

 
$

 
$
541

 
$
(113
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Margin %:
 
0.3

 
 
 
 
 
 
 
 
 
 
 
0.7

Pretax Margin %:
 
(0.4
)
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED
Selling, general and administrative expenses
 
$
280,567

 
$
(951
)
 
$
1,052

 
$
(208
)
 
$
(1,000
)
 
$

 
$
279,460

Asset impairments
 
1,039

 

 

 

 

 
(1,039
)
 

Income (loss) from operations
 
98,020

 
951

 
(1,052
)
 
208

 
1,000

 
1,039

 
100,166

Income (loss) before income taxes
 
73,777

 
951

 
(1,052
)
 
208

 
1,000

 
1,039

 
75,923

Benefit (provision) for income taxes
 
(27,467
)
 
(359
)
 
452

 
(41
)
 
(390
)
 
(191
)
 
(27,996
)

70


Net income (loss)
 
$
46,310

 
$
592

 
$
(600
)
 
$
167

 
$
610

 
$
848

 
$
47,927

Less: Adjusted earnings (loss) allocated to participating securities
 
1,792

 
23

 
(23
)
 
6

 
24

 
33

 
1,855

Adjusted net income (loss) available to diluted common shares
 
$
44,518

 
$
569

 
$
(577
)
 
$
161

 
$
586

 
$
815

 
$
46,072

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted income (loss) per common share
 
$
1.91

 
$
0.02

 
$
(0.03
)
 
$
0.01

 
$
0.03

 
$
0.04

 
$
1.98

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
 
37.2

 
 
 
 
 
 
 
 
 
 
 
36.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
71.7

 
 
 
 
 
 
 
 
 
 
 
71.4

Operating Margin %:
 
3.6

 
 
 
 
 
 
 
 
 
 
 
3.7

Pretax Margin %:
 
2.7

 
 
 
 
 
 
 
 
 
 
 
2.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
272,567

 
$
(951
)
 
$
(364
)
 
$
(208
)
 
$
(1,000
)
 
$

 
$
270,044

Same Store SG&A as % Gross Profit:
 
71.3

 
 
 
 
 
 
 
 
 
 
 
70.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
97,692

 
$
951

 
$
364

 
$
208

 
$
1,000

 
$
496

 
$
100,711

Same Store Operating Margin %:
 
3.7

 
 
 
 
 
 
 
 
 
 
 
3.8

 
 
 
 
Adjustments for:
 
 
 
 
 
Six Months Ended June 30, 2015
 
 
 
U.S. GAAP
 
Catastrophic events
 
Gain / loss on real estate and dealership transactions
 
Severance costs
 
Legal settlements
 
Non-cash asset impairment
 
Non-GAAP Adjusted
U.S.
Selling, general and administrative expenses
 
$
469,836

 
$
(951
)
 
$
1,052

 
$

 
$
(1,000
)
 
$

 
$
468,937

Asset impairments
 
498

 

 

 

 

 
(498
)
 

Income (loss) from operations
 
165,863

 
951

 
(1,052
)
 

 
1,000

 
498

 
167,260

Income (loss) before income taxes
 
122,590

 
951

 
(1,052
)
 

 
1,000

 
498

 
123,987

Benefit (provision) for income taxes
 
(46,653
)
 
(359
)
 
452

 

 
(390
)
 
(191
)
 
(47,141
)
Net income (loss)
 
$
75,937

 
$
592

 
$
(600
)
 
$

 
$
610

 
$
307

 
$
76,846

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
71.5

 
 
 
 
 
 
 
 
 
 
 
71.4

Operating Margin %:
 
3.9

 
 
 
 
 
 
 
 
 
 
 
3.9

Pretax Margin %:
 
2.9

 
 
 
 
 
 
 
 
 
 
 
2.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
458,591

 
$
(951
)
 
$
(364
)
 
$

 
$
(1,000
)
 
$

 
$
456,276

Same Store SG&A as % Gross Profit:
 
71.3

 
 
 
 
 
 
 
 
 
 
 
70.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
164,560

 
$
951

 
$
364

 
$

 
$
1,000

 
$
480

 
$
167,355

Same Store Operating Margin %:
 
3.9

 
 
 
 
 
 
 
 
 
 
 
4.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.K.
Selling, general and administrative expenses
 
$
53,403

 
$

 
$

 
$
(208
)
 
$

 
$

 
$
53,195

Income from operations
 
12,574

 

 

 
208

 

 

 
12,782


71


Income before income taxes
 
9,950

 

 

 
208

 

 

 
10,158

Provision for income taxes
 
(2,007
)
 

 

 
(41
)
 

 

 
(2,048
)
Net income
 
$
7,943

 
$

 
$

 
$
167

 
$

 
$

 
$
8,110

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
78.4

 
 
 
 
 
 
 
 
 
 
 
78.1

Operating Margin %:
 
2.1

 
 
 
 
 
 
 
 
 
 
 
2.1

Pretax Margin %:
 
1.6

 
 
 
 
 
 
 
 
 
 
 
1.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
53,416

 
$

 
$

 
$
(208
)
 
$

 
$

 
$
53,208

Same Store SG&A as % Gross Profit:
 
78.5

 
 
 
 
 
 
 
 
 
 
 
78.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
12,555

 
$

 
$

 
$
208

 
$

 
$

 
$
12,763

Same Store Operating Margin %:
 
2.1

 
 
 
 
 
 
 
 
 
 
 
2.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BRAZIL
Asset impairments
 
$
541

 
$

 
$

 
$

 
$

 
$
(541
)
 
$

Income from operations
 
314

 

 

 

 

 
541

 
855

Income (loss) before income taxes
 
(1,290
)
 

 

 

 

 
541

 
(749
)
Net income (loss)
 
$
(1,756
)
 
$

 
$

 
$

 
$

 
$
541

 
$
(1,215
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Margin %:
 
0.1

 
 
 
 
 
 
 
 
 
 
 
0.3

Pretax Margin %:
 
(0.5
)
 
 
 
 
 
 
 
 
 
 
 
(0.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED
Selling, general and administrative expenses
 
$
552,037

 
$
(951
)
 
$
1,052

 
$
(208
)
 
$
(1,000
)
 
$

 
$
550,930

Asset impairments
 
1,039

 

 

 

 

 
(1,039
)
 

Income (loss) from operations
 
178,751

 
951

 
(1,052
)
 
208

 
1,000

 
1,039

 
180,897

Income (loss) before income taxes
 
131,250

 
951

 
(1,052
)
 
208

 
1,000

 
1,039

 
133,396

Benefit (provision) for income taxes
 
(49,126
)
 
(359
)
 
452

 
(41
)
 
(390
)
 
(191
)
 
(49,655
)
Net income (loss)
 
$
82,124

 
$
592

 
$
(600
)
 
$
167

 
$
610

 
$
848

 
$
83,741

Less: Adjusted earnings (loss) allocated to participating securities
 
3,176

 
23

 
(23
)
 
6

 
24

 
32

 
3,238

Adjusted net income (loss) available to diluted common shares
 
$
78,948

 
$
569

 
$
(577
)
 
$
161

 
$
586

 
$
816

 
$
80,503

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted income (loss) per common share
 
$
3.38

 
$
0.02

 
$
(0.02
)
 
$
0.01

 
$
0.02

 
$
0.03

 
$
3.44

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective tax rate
 
37.4

 
 
 
 
 
 
 
 
 
 
 
37.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SG&A as % Gross Profit:
 
73.1

 
 
 
 
 
 
 
 
 
 
 
72.9

Operating Margin %:
 
3.5

 
 
 
 
 
 
 
 
 
 
 
3.5

Pretax Margin %:
 
2.5

 
 
 
 
 
 
 
 
 
 
 
2.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store SG&A
 
$
536,450

 
$
(951
)
 
$
(364
)
 
$
(208
)
 
$
(1,000
)
 
$

 
$
533,927

Same Store SG&A as % Gross Profit:
 
72.5

 
 
 
 
 
 
 
 
 
 
 
72.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same Store income from operations
 
$
180,482

 
$
951

 
$
364

 
$
208

 
$
1,000

 
$
480

 
$
183,485


72


Same Store Operating Margin %:
 
3.6

 
 
 
 
 
 
 
 
 
 
 
3.6


73


The following table reconciles cash flow provided by (used in) operating, investing and financing activities on a U.S. GAAP basis to the corresponding adjusted amounts (dollars in thousands):
 
 
Six Months Ended June 30,
 
 
2016
 
2015
 
% Change
CASH FLOWS FROM OPERATING ACTIVITIES
 
 
 
 
 
 
Net cash provided by operating activities
 
$
172,867

 
$
80,575

 
114.5

Change in floorplan notes payable-credit facilities, excluding floorplan offset account and net acquisition and disposition related activity
 
(22,772
)
 
55,598

 
 
Change in floorplan notes payable-manufacturer affiliates associated with net acquisition and disposition related activity
 
2,000

 
800

 
 
Adjusted net cash provided by operating activities
 
$
152,095


$
136,973

 
11.0

CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
Net cash used in investing activities
 
$
(107,870
)
 
$
(165,636
)
 
(34.9
)
Change in cash paid for acquisitions, associated with floorplan notes payable
 

 
14,418

 
 
Change in proceeds from disposition of franchises, property and equipment, associated with floorplan notes payable
 
(4,422
)
 
(3,759
)
 
 
Adjusted net cash used in investing activities
 
$
(112,292
)

$
(154,977
)
 
(27.5
)
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
 
 
Net cash provided by (used in) financing activities
 
$
(55,325
)
 
$
69,923

 
(179.1
)
Change in net borrowings and repayments on floorplan notes payable-credit facilities, excluding net activity associated with our floorplan offset account
 
25,194

 
(67,057
)
 
 
Adjusted net cash provided by (used in) financing activities
 
$
(30,131
)

$
2,866

 
(1,151.3
)
Item 3. Quantitative and Qualitative Disclosures About Market Risk
This Quantitative and Qualitative Disclosures About Market Risk contains information about our market-sensitive financial instruments that constitute forward-looking statements. See “Cautionary Statement about Forward-Looking Statements.”
We are exposed to a variety of market risks, including interest rate risk and foreign currency exchange rate risk. We address interest rate risks through a program of management which includes the use of derivative instruments. We do not currently hedge foreign exchange risk, as discussed further below. The following quantitative and qualitative information is provided about foreign currency exchange rates and financial instruments to which we are a party at June 30, 2016, and from which we may incur future gains or losses from changes in market interest rates. We do not enter into derivative or other financial instruments for speculative or trading purposes.
Hypothetical changes in interest rates and foreign currency exchange rates chosen for the following estimated sensitivity analysis are considered to be reasonable near-term changes generally based on consideration of past fluctuations for each risk category. However, since it is not possible to accurately predict future changes in interest rate and foreign currency exchange rates, these hypothetical changes may not necessarily be an indicator of probable future fluctuations.
As of June 30, 2016, our 5.00% Notes, with an outstanding principal amount of $550.0 million, had a fair value and carrying amount of $543.1 million and $539.7 million, respectively. At December 31, 2015, our 5.00% Notes, with an outstanding principal amount of $550.0 million, had a fair value and carrying amount of $545.9 million and $538.9 million, respectively. As of June 30, 2016, our 5.25% Notes, with an outstanding principal amount of $300.0 million, had a fair value and carrying amount of $296.3 million and $295.3 million, respectively. At December 31, 2015, our 5.25% Notes, with an outstanding principal amount of $300.0 million, had a fair value and carrying amount of $297.8 million and $295.2 million, respectively. Our other fixed-rate debt, primarily consisting of real estate related debt, had outstanding borrowings of $97.3 million and $100.7 million as of June 30, 2016 and December 31, 2015, respectively. The fair value of such fixed interest rate borrowings was $98.5 million and $102.4 million as of June 30, 2016 and December 31, 2015, respectively.
Interest Rates. We have interest rate risk in our variable-rate debt obligations. Our policy is to monitor the effects of market changes in interest rates and manage our interest rate exposure through the use of a combination of fixed and floating-rate debt and interest rate swaps.
We use interest rate swaps to adjust our exposure to interest rate movements when appropriate, based upon market conditions. As of June 30, 2016, we held interest rate swaps with aggregate notional amounts of $616.7 million that fixed our underlying one-month LIBOR at a weighted average rate of 2.6%. These hedge instruments are designed to convert floating rate vehicle floorplan payables under our Revolving Credit Facility and variable rate real estate related borrowings to fixed rate

74


debt. We entered into these swaps with several financial institutions that have investment grade credit ratings, thereby minimizing the risk of credit loss. We reflect the current fair value of all derivatives on our Consolidated Balance Sheets. The fair value of interest rate swaps is impacted by the forward one-month LIBOR curve and the length of time to maturity of the swap contracts. The related gains or losses on these transactions are deferred in stockholders’ equity as a component of accumulated other comprehensive loss. As of June 30, 2016, net unrealized losses, net of income taxes, totaled $32.0 million. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in the results of operations. All of our interest rate hedges are designated as cash flow hedges. As of June 30, 2016, all of our derivative contracts were determined to be effective. As of June 30, 2016, a 100 basis-point change in the interest rates of our swaps would have resulted in a $5.5 million change to our annual interest expense. In addition to the $616.7 million of swaps in effect as of June 30, 2016, we also held 17 interest rate swaps with forward start dates between December 2016 and January 2019 and expiration dates between December 2019 and December 2021. As of June 30, 2016, the aggregate notional amount of these swaps was $850.0 million with a weighted average interest rate of 2.3%. The combination of these swaps is structured such that the notional value in effect at any given time through March 2023 does not exceed $908.6 million.
A summary of our interest rate swaps, including those in effect, as well as forward-starting, follows (dollars in millions):
 
Q2 2016
 
Q3 2016
 
Q4 2016
 
2017
 
2018
 
2019
 
2020
 
2021
 
2022
 
2023
Weighted average notional amount in effect during the period
$
617

 
$
616

 
$
621

 
$
814

 
$
811

 
$
908

 
$
555

 
$
299

 
$
38

 
$
4

Weighted average interest rate during the period
2.64
%
 
2.64
%
 
2.64
%
 
2.54
%
 
2.60
%
 
2.28
%
 
2.19
%
 
1.72
%
 
1.43
%
 
1.35
%
As of June 30, 2016, we had $1,637.5 million of variable-rate borrowings. Based on the aggregate amount of variable-rate borrowings outstanding as of June 30, 2016, and before the impact of our interest rate swaps described below, a 100 basis-point change in interest rates would have resulted in an approximate $16.5 million change to our annual interest expense. After consideration of the interest rate swaps described below, a 100 basis-point change would have yielded a net annual change of $11.0 million in annual interest expense based on the variable borrowings outstanding as of June 30, 2016. This interest rate sensitivity increased from June 30, 2015 primarily as a result of the increase in variable-rate floorplan borrowings.
Our exposure to changes in interest rates with respect to our variable-rate floorplan borrowings is partially mitigated by manufacturers’ interest assistance, which in some cases is influenced by changes in market based variable interest rates. We reflect interest assistance as a reduction of new vehicle inventory cost until the associated vehicle is sold. During the three months ended June 30, 2016, we recognized $12.3 million of interest assistance as a reduction of new vehicle cost of sales. For the past three years, the reduction to our new vehicle cost of sales has ranged from 90.0% of our floorplan interest expense for the first quarter of 2014 to 139.9% for the third quarter of 2015. In the U.S., manufacturer's interest assistance was 116.3% of floorplan interest expense in the second quarter of 2016. Although we can provide no assurance as to the amount of future interest assistance, it is our expectation, based on historical data that an increase in prevailing interest rates would result in increased assistance from certain manufacturers over time.
Foreign Currency Exchange Rates. As of June 30, 2016, we had dealership operations in the U.K. and Brazil. The functional currency of our U.K. subsidiaries is the British pound sterling (£) and of our Brazil subsidiaries is the Brazilian real (R$). We intend to remain indefinitely invested in these foreign operations and, as such, do not hedge against foreign currency fluctuations that may temporarily impact our investment in our U.K. and Brazil subsidiaries. If we change our intent with respect to such international investment, we would expect to implement strategies designed to manage those risks in an effort to mitigate the effect of foreign currency fluctuations on our earnings and cash flows. A 10% devaluation in average exchange rates for the British pound sterling to the U.S. dollar would have resulted in an $81.8 million decrease to our revenues for the six months ended June 30, 2016. A 10% devaluation in average exchange rates for the Brazilian real to the U.S. dollar would have resulted in an $18.4 million decrease to our revenues for the six months ended June 30, 2016.
For additional information about our market sensitive financial instruments please see Part II, “Item 7. Management’s Discussion & Analysis of Financial Condition and Results of Operations," "Item 7A. Quantitative and Qualitative Disclosures About Market Risk” and Note 4 to “Item 8. Financial Statements and Supplementary Data” in our 2015 Form 10-K.
Item 4. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
As required by Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we have evaluated, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this quarterly report. Our disclosure controls and procedures are designed to provide reasonable assurance that the information required to be disclosed by us in reports that we file under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure and is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC. Based upon that evaluation, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of June 30, 2016 at the reasonable assurance level.
Our management, including our principal executive officer and our principal financial officer, does not expect that our disclosure controls and procedures can prevent all possible errors or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that objectives of the control system are met. There are inherent limitations in all control systems, including the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple errors or mistakes. Additionally, controls can be circumvented by the intentional acts of one or more persons. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and while our disclosure controls and procedures are designed to be effective under circumstances where they should reasonably be expected to operate effectively, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Because of the inherent limitations in any control system, misstatements due to possible errors or fraud may occur and not be detected.
Changes in Internal Control over Financial Reporting
During the three months ended June 30, 2016, there was no change in our system of internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

75


PART II. OTHER INFORMATION

Item 1. Legal Proceedings
We are not party to any legal proceedings, including class action lawsuits that, individually or in the aggregate, are reasonably expected to have a material adverse effect on our results of operations, financial condition or cash flows. For a discussion of our legal proceedings, see Part I, “Item 1. Financial Statements,” Notes to Consolidated Financial Statements, Note 11, “Commitments and Contingencies.”
Item 1A. Risk Factors
In addition to the information set forth in this Form 10-Q, you should carefully consider the risk factors previously disclosed in “Item 1A. Risk Factors” of our 2015 Form 10-K. Readers should carefully consider the factors discussed in Part 1, “Item 1A. Risk Factors” in our 2015 Form 10-K, which could materially affect our business, financial condition or future results. The risks described in our 2015 Form 10-K are not the only risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future results.

The United Kingdom’s proposed withdrawal from the European Union could have an adverse effect on our business and financial results.

On June 23, 2016, a referendum was held in the U.K. to determine whether the country should remain a member of the E.U., with voters approving to withdraw from the E.U. (commonly referred to as Brexit). Following the results of this non-binding referendum, in 2017 the U.K. government is expected to begin formal negotiations with the E.U. on the terms and conditions of the proposed withdrawal from the EU. Current uncertainty over whether the U.K. will ultimately leave the E.U., as well as the final outcome of the negotiations between the U.K. and E.U., could have an adverse effect on our business and financial results. The long-term effects of Brexit will depend on the terms negotiated between the U.K. and the E.U., which may take years to complete.

The announcement of Brexit caused significant volatility in global stock markets and currency exchange rate fluctuations that resulted in the strengthening of the U.S. dollar against foreign currencies in which we conduct business. The British pound sterling has weakened since the Brexit vote, with an average exchange rate of the British pounds sterling to the U.S. dollars of 1.32 after the Brexit vote through August 1, 2016, as compared to the weighted average exchange rate of 1.43 for the six months ended June 30, 2016, a decrease of 8.2%. A weakening British pound sterling as compared to the U.S. dollar negatively impacts our U.S. dollar reported results of operations. Volatility in exchange rates is expected to continue in the short term. Our U.K. business generated approximately 16.7% of our total revenue in the six months ended June 30, 2016.

Additionally, there is much uncertainty surrounding the effects Brexit will have on the regulatory environment of the U.K. and the overall E.U. and its remaining individual members. Currently, automotive dealers in the U.K. rely on the legislative doctrine of “Block Exemption” to govern market representation activities of competing dealers and dealer groups. To date, there has been no clear indication of how such legislation may be affected by Brexit.

Any of these effects of Brexit, and others we cannot anticipate at this time, could adversely affect our business, consolidated financial position, results of operations, and cash flows.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds     

The following table provides information about purchases of equity securities that are registered by us pursuant to Section 12 of the Exchange Act during the three months ended June 30, 2016:

76


Period
 
Total Number of Shares Purchased
 
Average Price Paid per Share
 
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
 
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) (3)
 
 
 
 
 
 
 
 
(In thousands, excluding commissions)
April 1 - April 30, 2016 (2)
 
911,207

 
$
54.87

 
911,207

 
$
68,055

May 1 - May 31, 2016
 
550,937

 
$
60.44

 
550,937

 
$
34,754

June 1 - June 30, 2016
 

 
 
 

 
$
34,754

Total
 
1,462,144

 
$
56.97

 
1,462,144

 
 
(1) In February 2016, the Board of Directors approved a new authorization of up to $150.0 million of shares of our common stock which replaced the prior $100.0 million authorization. The shares may be repurchased from time to time in open market or privately negotiated transactions, depending on market conditions, at our discretion, and funded by cash from operations. During the three months ended June 30, 2016, 1,462,144 shares were repurchased for a total cost of $83.3 million.
(2) Shares were purchased under a 10b5-1 plan effective between April 1, 2016 and April 27, 2016.
(3) Subsequent to June 30, 2016, we repurchased 244,205 of our common shares for $12.4 million under a 10b5-1 plan effective between July 1, 2016 and July 28, 2016, leaving approximately $22.4 million remaining under the authorized repurchase plan.
Item 6. Exhibits
Those exhibits to be filed by Item 601 of Regulation S-K are listed in the Exhibit Index immediately preceding the exhibits filed herewith and such listing is incorporated herein by reference.


77


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
 
 
 
Group 1 Automotive, Inc.
 
 
 
By:
                                  /s/  John C. Rickel
 
 
John C. Rickel
 
 
Senior Vice President and Chief Financial Officer
 
 
(Duly Authorized Officer and Principal Financial
 
 
and Accounting Officer)
Date: August 2, 2016

78


EXHIBIT INDEX
 
 
 
 
 
Exhibit
Number
 
 
 
Description
 
 
 
 
 
3.1
 
 
Amended and Restated Certificate of Incorporation of Group 1 Automotive, Inc. (incorporated by reference to Exhibit 3.1 of Group 1 Automotive, Inc.’s Current Report on Form 8-K (File No. 001-13461) filed May 22, 2015)


3.2
 
 
Second Amended and Restated Bylaws of Group 1 Automotive, Inc. (incorporated by reference to Exhibit 3.2 of Group 1 Automotive, Inc.’s Current Report on Form 8-K (File No. 001-13461) filed May 22, 2015)


10.1

 
 
Tenth Amended and Restated Revolving Credit Agreement, dated effective as of June 17, 2016, among Group 1 Automotive, Inc., the Subsidiary Borrowers listed therein, the Lenders listed therein, JPMorgan Chase Bank, N.A., as Administrative Agent, Comerica Bank, as Floor Plan Agent and Bank of America, N.A. and Wells Fargo Bank, N.A., as Syndication Agents (incorporated by reference to Exhibit 10.1 of Group 1 Automotive, Inc.’s Current Report on Form 8-K (File No. 001-13461) filed June 20, 2016)
31.1*
 
 
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*
 
 
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1*
 
 
Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2*
 
 
Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*
 
 
XBRL Instance Document
 101.SCH*
 
 
XBRL Taxonomy Extension Schema Document
 101.CAL*
 
 
XBRL Taxonomy Extension Calculation Linkbase Document
 101.DEF*
 
 
XBRL Taxonomy Extension Definition Linkbase Document
 101.LAB*
 
 
XBRL Taxonomy Extension Label Linkbase Document
 101.PRE*
 
 
XBRL Taxonomy Extension Presentation Linkbase Document

*
 
Filed or furnished herewith
 
Management contract or compensatory plan or arrangement

79
EX-31.1 2 exhibit3112ndqtr2016.htm EXHIBIT 31.1 Exhibit
Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Earl J. Hesterberg, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2016 of Group 1 Automotive, Inc. (“registrant”);
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


/s/ Earl J. Hesterberg
Earl J. Hesterberg
Chief Executive Officer
Date: August 2, 2016



EX-31.2 3 exhibit3122ndqtr2016.htm EXHIBIT 31.2 Exhibit
Exhibit 31.2

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, John C. Rickel, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2016 of Group 1 Automotive, Inc. (“registrant”);
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


/s/ John C. Rickel
John C. Rickel
Chief Financial Officer
Date: August 2, 2016



EX-32.1 4 exhibit3212ndqtr2016.htm EXHIBIT 32.1 Exhibit
Exhibit 32.1

CERTIFICATION OF
CHIEF EXECUTIVE OFFICER
OF GROUP 1 AUTOMOTIVE, INC.
PURSUANT TO 18 U.S.C. § 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the period ended June 30, 2016 filed with the Securities and Exchange Commission on the date hereof (“Report”), I, Earl J. Hesterberg, Chief Executive Officer of Group 1 Automotive, Inc. (“Company”), hereby certify that to my knowledge:

1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
2.
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


/s/ Earl J. Hesterberg
Earl J. Hesterberg
Chief Executive Officer
Date: August 2, 2016



EX-32.2 5 exhibit3222ndqtr2016.htm EXHIBIT 32.2 Exhibit
Exhibit 32.2

CERTIFICATION OF
CHIEF FINANCIAL OFFICER
OF GROUP 1 AUTOMOTIVE, INC.
PURSUANT TO 18 U.S.C. § 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the period ended June 30, 2016 filed with the Securities and Exchange Commission on the date hereof (“Report”), I, John C. Rickel, Chief Financial Officer of Group 1 Automotive, Inc. (“Company”), hereby certify that to my knowledge:

1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
2.
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


/s/ John C. Rickel
John C. Rickel
Chief Financial Officer
Date: August 2, 2016



EX-101.INS 6 gpi-20160630.xml XBRL INSTANCE DOCUMENT 0001031203 2016-01-01 2016-06-30 0001031203 2016-06-30 0001031203 2016-07-28 0001031203 2015-12-31 0001031203 2016-04-01 2016-06-30 0001031203 2015-04-01 2015-06-30 0001031203 2015-01-01 2015-06-30 0001031203 us-gaap:RetainedEarningsMember 2016-01-01 2016-06-30 0001031203 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-06-30 0001031203 us-gaap:CommonStockMember 2016-01-01 2016-06-30 0001031203 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-06-30 0001031203 us-gaap:TreasuryStockMember 2016-01-01 2016-06-30 0001031203 us-gaap:RetainedEarningsMember 2015-12-31 0001031203 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-06-30 0001031203 us-gaap:RetainedEarningsMember 2016-06-30 0001031203 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001031203 us-gaap:CommonStockMember 2016-06-30 0001031203 us-gaap:CommonStockMember 2015-12-31 0001031203 us-gaap:TreasuryStockMember 2015-12-31 0001031203 us-gaap:TreasuryStockMember 2016-06-30 0001031203 us-gaap:AdditionalPaidInCapitalMember 2016-06-30 0001031203 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0001031203 2014-12-31 0001031203 2015-06-30 0001031203 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2015-12-31 0001031203 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-06-30 0001031203 gpi:EastMember 2016-06-30 0001031203 gpi:BrazilMember 2016-06-30 0001031203 gpi:UnitedKingdomMember 2016-06-30 0001031203 gpi:WestMember 2016-06-30 0001031203 gpi:UnitedStatesMember 2016-06-30 0001031203 2015-01-01 2015-12-31 0001031203 gpi:UnitedStatesMember 2015-01-01 2015-06-30 0001031203 gpi:BrazilMember 2016-01-01 2016-06-30 0001031203 gpi:UnitedKingdomMember 2016-01-01 2016-06-30 0001031203 gpi:BrazilMember 2015-01-01 2015-06-30 0001031203 gpi:UnitedStatesMember 2016-01-01 2016-06-30 0001031203 gpi:OtherInterestExpenseMember 2015-01-01 2015-06-30 0001031203 gpi:OtherInterestExpenseMember 2016-01-01 2016-06-30 0001031203 us-gaap:InterestRateSwapMember 2015-01-01 2015-06-30 0001031203 gpi:FloorplanInterestExpenseMember 2015-01-01 2015-06-30 0001031203 gpi:FloorplanInterestExpenseMember 2016-01-01 2016-06-30 0001031203 gpi:InterestRateSwapsForwardStartingMember 2016-06-30 0001031203 us-gaap:InterestRateSwapMember 2016-06-30 0001031203 us-gaap:FairValueInputsLevel2Member 2015-12-31 0001031203 gpi:InterestRateSwapsForwardStartingMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 us-gaap:FairValueInputsLevel2Member 2016-06-30 0001031203 gpi:InterestRateSwapsForwardStartingMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 us-gaap:EmployeeStockMember 2016-06-30 0001031203 gpi:A2014LongTermIncentivePlanMember 2016-06-30 0001031203 us-gaap:EmployeeStockMember 2016-01-01 2016-06-30 0001031203 us-gaap:EmployeeStockMember 2016-04-01 2016-06-30 0001031203 us-gaap:EmployeeStockMember 2015-01-01 2015-06-30 0001031203 gpi:A2014LongTermIncentivePlanMember 2016-04-01 2016-06-30 0001031203 us-gaap:MaximumMember 2016-01-01 2016-06-30 0001031203 gpi:PartsAndServiceReceivablesMember 2015-12-31 0001031203 gpi:OtherReceivableMember 2016-06-30 0001031203 gpi:AmountsDueFromManufacturersMember 2015-12-31 0001031203 gpi:AmountsDueFromManufacturersMember 2016-06-30 0001031203 gpi:FinanceAndInsuranceReceivablesNetMember 2015-12-31 0001031203 gpi:PartsAndServiceReceivablesMember 2016-06-30 0001031203 gpi:OtherReceivableMember 2015-12-31 0001031203 gpi:FinanceAndInsuranceReceivablesNetMember 2016-06-30 0001031203 gpi:DealershipAcquisitionsMember us-gaap:LandAndBuildingMember 2016-01-01 2016-06-30 0001031203 us-gaap:LandAndBuildingMember 2016-01-01 2016-06-30 0001031203 us-gaap:VehiclesMember 2015-12-31 0001031203 us-gaap:LandMember 2015-12-31 0001031203 us-gaap:FurnitureAndFixturesMember 2016-06-30 0001031203 us-gaap:VehiclesMember 2016-06-30 0001031203 us-gaap:MachineryAndEquipmentMember 2015-12-31 0001031203 us-gaap:LeaseholdImprovementsMember 2016-06-30 0001031203 us-gaap:FurnitureAndFixturesMember 2015-12-31 0001031203 us-gaap:MachineryAndEquipmentMember 2016-06-30 0001031203 us-gaap:ConstructionInProgressMember 2016-06-30 0001031203 us-gaap:BuildingMember 2016-06-30 0001031203 us-gaap:BuildingMember 2015-12-31 0001031203 us-gaap:ConstructionInProgressMember 2015-12-31 0001031203 us-gaap:LeaseholdImprovementsMember 2015-12-31 0001031203 us-gaap:LandMember 2016-06-30 0001031203 us-gaap:FurnitureAndFixturesMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 us-gaap:MachineryAndEquipmentMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 us-gaap:BuildingMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 us-gaap:VehiclesMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 us-gaap:FurnitureAndFixturesMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 us-gaap:BuildingMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 us-gaap:LeaseholdImprovementsMember 2016-04-01 2016-06-30 0001031203 us-gaap:MachineryAndEquipmentMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 us-gaap:VehiclesMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilianCreditFacilityMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 gpi:RevolvingCreditFacilityAcquisitionLineMember 2015-12-31 0001031203 gpi:FMCCFacilityMember 2016-06-30 0001031203 gpi:UKCreditFacilitiesMember 2016-06-30 0001031203 gpi:RevolvingCreditFacilityAcquisitionLineMember 2016-06-30 0001031203 gpi:RentalVehicleCreditFacilityMember us-gaap:MaximumMember 2016-06-30 0001031203 gpi:RevolvingCreditFacilityFloorplanLineMember 2016-06-30 0001031203 us-gaap:RevolvingCreditFacilityMember 2016-06-30 0001031203 gpi:UKCreditFacilitiesMember us-gaap:MinimumMember 2016-06-30 0001031203 gpi:FMCCFacilityMember 2016-04-01 2016-06-30 0001031203 gpi:UKCreditFacilitiesMember us-gaap:MaximumMember 2016-06-30 0001031203 gpi:RentalVehicleCreditFacilityMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilianCreditFacilityMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 gpi:RevolvingCreditFacilityAcquisitionLineMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 gpi:RevolvingCreditFacilityFloorplanLineMember 2016-04-01 2016-06-30 0001031203 us-gaap:RevolvingCreditFacilityMember 2016-04-01 2016-06-30 0001031203 us-gaap:RevolvingCreditFacilityMember 2016-01-01 2016-03-31 0001031203 gpi:BrazilianCreditFacilityMember 2016-06-30 0001031203 gpi:RevolvingCreditFacilityAcquisitionLineMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 us-gaap:RevolvingCreditFacilityMember 2016-03-31 0001031203 gpi:EurosorPoundSterlingMember gpi:RevolvingCreditFacilityAcquisitionLineMember 2016-06-30 0001031203 gpi:BrazilianCreditFacilityMember us-gaap:MinimumMember 2016-06-30 0001031203 currency:USD gpi:RevolvingCreditFacilityAcquisitionLineMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilianCreditFacilityMember us-gaap:MaximumMember 2016-06-30 0001031203 gpi:RentalVehicleCreditFacilityMember 2016-06-30 0001031203 gpi:RevolvingCreditFacilityFloorplanLineNewVehiclesMember 2016-04-01 2016-06-30 0001031203 gpi:RevolvingCreditFacilityFloorplanLineMember 2015-12-31 0001031203 currency:USD gpi:RevolvingCreditFacilityAcquisitionLineMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 gpi:EurosorPoundSterlingMember gpi:RevolvingCreditFacilityAcquisitionLineMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 gpi:EurosorPoundSterlingMember gpi:RevolvingCreditFacilityAcquisitionLineMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 gpi:RevolvingCreditFacilityAcquisitionLineMember 2016-04-01 2016-06-30 0001031203 gpi:RevolvingCreditFacilityFloorplanLineUsedVehiclesMember 2016-04-01 2016-06-30 0001031203 gpi:A5.00SeniorNoteMember 2016-06-30 0001031203 gpi:A5.25SeniorNoteMember 2016-06-30 0001031203 us-gaap:CapitalLeaseObligationsMember 2015-12-31 0001031203 gpi:OtherRealEstateRelatedLongTermDebtMember 2016-06-30 0001031203 us-gaap:CapitalLeaseObligationsMember 2016-06-30 0001031203 gpi:A5.00SeniorNoteMember 2015-12-31 0001031203 gpi:A5.25SeniorNoteMember 2015-12-31 0001031203 gpi:OtherRealEstateRelatedLongTermDebtMember 2015-12-31 0001031203 gpi:BrazilianthirdpartyfinancialinstitutionMember 2016-01-01 2016-06-30 0001031203 gpi:ForeignNoteMember 2016-06-30 0001031203 gpi:A5.00SeniorNoteMember 2014-09-30 0001031203 gpi:ForeignNoteMember 2016-04-01 2016-06-30 0001031203 gpi:RealEstateRelatedDebtMember us-gaap:MinimumMember 2016-04-01 2016-06-30 0001031203 gpi:A5.25SeniorNoteMember 2016-04-01 2016-06-30 0001031203 gpi:ForeignNoteMember 2016-01-01 2016-06-30 0001031203 gpi:RealEstateRelatedDebtMember us-gaap:MaximumMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilianthirdpartyfinancialinstitutionMember 2016-06-30 0001031203 gpi:RealEstateRelatedDebtMember 2016-06-30 0001031203 gpi:RealEstateRelatedDebtMember 2016-01-01 2016-06-30 0001031203 gpi:A5.00SeniorNoteMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilNoteMember 2016-01-01 2016-06-30 0001031203 gpi:BrazilianthirdpartyfinancialinstitutionMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilNoteMember 2016-06-30 0001031203 gpi:BrazilNoteMember 2016-04-01 2016-06-30 0001031203 gpi:RealEstateRelatedDebtMember 2016-04-01 2016-06-30 0001031203 gpi:A5.00SeniorNoteMember 2014-06-30 0001031203 us-gaap:FairValueInputsLevel2Member us-gaap:InvestmentsMember 2015-12-31 0001031203 us-gaap:FairValueInputsLevel2Member gpi:DemandObligationMember 2015-12-31 0001031203 us-gaap:InvestmentsMember 2015-12-31 0001031203 gpi:DemandObligationMember 2015-12-31 0001031203 us-gaap:FairValueInputsLevel2Member gpi:DemandObligationMember 2016-06-30 0001031203 us-gaap:InvestmentsMember 2016-06-30 0001031203 gpi:DemandObligationMember 2016-06-30 0001031203 us-gaap:FairValueInputsLevel2Member us-gaap:InvestmentsMember 2016-06-30 0001031203 gpi:UnitedKingdomMember 2015-12-31 0001031203 gpi:UnitedStatesMember 2015-12-31 0001031203 gpi:BrazilMember 2015-12-31 0001031203 gpi:FloorplanInterestExpenseMember 2015-01-01 2015-06-30 0001031203 us-gaap:InterestExpenseMember 2015-01-01 2015-06-30 0001031203 us-gaap:InterestExpenseMember 2016-01-01 2016-06-30 0001031203 gpi:FloorplanInterestExpenseMember 2016-01-01 2016-06-30 0001031203 gpi:UnitedKingdomMember 2016-04-01 2016-06-30 0001031203 gpi:UnitedStatesMember 2016-04-01 2016-06-30 0001031203 gpi:BrazilMember 2016-04-01 2016-06-30 0001031203 gpi:UnitedKingdomMember 2015-04-01 2015-06-30 0001031203 gpi:UnitedKingdomMember 2015-01-01 2015-06-30 0001031203 gpi:BrazilMember 2015-04-01 2015-06-30 0001031203 gpi:UnitedStatesMember 2015-04-01 2015-06-30 0001031203 us-gaap:ConsolidationEliminationsMember 2016-01-01 2016-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2016-01-01 2016-06-30 0001031203 us-gaap:ParentCompanyMember 2016-01-01 2016-06-30 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2016-01-01 2016-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2015-01-01 2015-06-30 0001031203 us-gaap:ParentCompanyMember 2015-01-01 2015-06-30 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2015-01-01 2015-06-30 0001031203 us-gaap:ParentCompanyMember 2015-06-30 0001031203 us-gaap:ParentCompanyMember 2014-12-31 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2015-06-30 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2014-12-31 0001031203 us-gaap:GuarantorSubsidiariesMember 2015-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2014-12-31 0001031203 us-gaap:ParentCompanyMember 2016-04-01 2016-06-30 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2016-04-01 2016-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2016-04-01 2016-06-30 0001031203 us-gaap:ConsolidationEliminationsMember 2016-04-01 2016-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2016-06-30 0001031203 us-gaap:ParentCompanyMember 2016-06-30 0001031203 us-gaap:ConsolidationEliminationsMember 2016-06-30 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2016-06-30 0001031203 us-gaap:ConsolidationEliminationsMember 2015-04-01 2015-06-30 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2015-04-01 2015-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2015-04-01 2015-06-30 0001031203 us-gaap:ParentCompanyMember 2015-04-01 2015-06-30 0001031203 us-gaap:ConsolidationEliminationsMember 2015-01-01 2015-06-30 0001031203 us-gaap:GuarantorSubsidiariesMember 2015-12-31 0001031203 us-gaap:ParentCompanyMember 2015-12-31 0001031203 us-gaap:NonGuarantorSubsidiariesMember 2015-12-31 0001031203 us-gaap:ConsolidationEliminationsMember 2015-12-31 0001031203 us-gaap:SubsequentEventMember 2016-07-31 0001031203 us-gaap:SubsequentEventMember 2016-07-01 2016-07-31 gpi:swap xbrli:shares iso4217:USD xbrli:shares gpi:dealerships gpi:town gpi:states xbrli:pure iso4217:USD gpi:loan false --12-31 Q2 2016 2016-06-30 10-Q 0001031203 21354073 Large Accelerated Filer GROUP 1 AUTOMOTIVE INC 0.015 P20Y P15Y P8Y P8Y 22430000 0 22430000 0 30754000 30754000 0 0 346050000 0 0 346050000 150020000 0 0 150020000 3550526000 3550526000 0 0 3373126000 3373126000 0 0 0 -54206000 -25821000 80027000 0 -236314000 3194000 233120000 8300000 0 -124918000 -15090000 140008000 0 -123624000 -72313000 195937000 252438000 233275000 19163000 0 0 212304000 173024000 39280000 0 0 P12M P1M P2Y 500000 3600000 3000 3000 13000 9000 1400000 100000 25500000 25500000 0 0 0 27500000 27500000 0 0 0 10015000 8959000 1056000 0 0 19362000 17477000 1885000 0 0 11593000 10402000 1191000 0 0 22603000 20450000 2153000 0 0 1265719000 1261606000 4113000 0 0 1239220000 1233518000 5702000 0 0 389071000 303810000 85261000 0 0 397295000 302504000 94791000 0 0 110759000 110759000 0 0 0 35461000 35461000 0 0 0 35500000 P90D P0D -3243000 -44667000 2800000 5500000 2900000 5600000 -4876000 17268000 0 0 1192000 503333000 -504525000 0 0 4386000 718412000 -722798000 0 1192000 0 0 -1192000 0 4386000 0 0 -4386000 0 503333000 0 0 -503333000 0 718412000 0 0 -718412000 0 0 0 2388081000 -2388081000 0 0 0 2584017000 -2584017000 2100000000 50000000 5900000 52021000 33390000 102400000 98500000 13100000 5000000 1700000 3400000 208500000 908600000 P1Y0M0D -1113000 0 0 -1113000 136000 0 0 136000 1534262000 2866986000 1540759000 2950609000 1458132000 2721125000 1459611000 2797734000 1262797000 1258485000 P0Y0M30D 18 29 37 77 2 1 12 2 24 2 17 2 2 1 6 19 1 4 2 2 2 3 2 72917000 74964000 303193000 585382000 322073000 630665000 138095000 269487000 148875000 290891000 14359000 12846000 1513000 0 12215000 9611000 2604000 0 7339000 6845000 494000 0 13985000 12728000 1257000 0 3800000 3900000 P5Y 1.05 1.0525 1.00 1.00 134509000 142626000 324222000 0 0 324222000 140020000 0 0 140020000 3466772000 3466772000 0 0 3325917000 3325917000 0 0 108800000 918252000 1574727000 172038000 1056235000 -1884748000 867552000 1462033000 249167000 1021957000 -1865605000 10300000 4700000 682294000 1305487000 715778000 1403949000 636235000 1213307000 667513000 1306484000 101512000 201704000 96279000 197871000 102445000 199958000 96331000 196474000 275508000 316070000 18.12 14.11 850000000 616700000 157768000 132078000 25690000 0 0 151655000 116770000 34885000 0 0 280423000 178544000 101879000 0 0 313219000 158500000 154719000 0 0 160972000 93206000 22374000 12913000 32479000 154196000 87125000 21381000 12039000 33651000 185323000 167509000 17814000 0 0 182108000 156948000 25160000 0 0 235138000 251585000 -17909000 -18671000 -19452000 -31959000 -64075000 -84670000 -118532000 -122445000 -81984000 -103341000 -137984000 -154404000 291092000 284887000 -1439000 -1439000 0 0 85000 0 0 85000 10056000 0 10056000 0 0 0 -85000 3204000 2541000 1812000 2085000 1039000 498000 541000 0 0 1039000 498000 541000 0 0 1024000 1024000 0 0 0 1956000 1533000 423000 0 0 4396716000 3932717000 459879000 2393393000 -2389273000 115239000 358476000 3923001000 23871000 4500800000 3880969000 623533000 2584701000 -2588403000 140757000 485596000 3874447000 26210000 2188370000 1914995000 269255000 5312000 -1192000 12849000 2201957000 1841025000 364634000 684000 -4386000 12721000 4397000 4397000 2897000 2897000 60400000 1800000 3900000 5731000 32700000 21241000 51902000 49727000 40975000 25379000 15596000 0 24225000 4620000 19605000 0 13037000 6338000 6699000 0 0 24965000 5495000 19470000 0 0 -16750000 -20759000 4009000 0 11928000 -843000 12771000 0 0 0 0 0 0 0 0 0 0.20 0.40 0.23 0.45 0.01 0.01 50000000 50000000 25705888 25702068 257000 257000 60093000 48983000 11261000 46310000 -46461000 60767000 79491000 -18173000 82124000 -82675000 37032000 36583000 827000 46580000 -46958000 64451000 60766000 4816000 80871000 -82002000 2334907000 1945263000 389644000 0 0 4403877000 3629275000 774602000 0 0 2372330000 1862787000 509543000 0 0 4591583000 3611709000 979874000 0 0 0.010 0 0.025 0.0125 0.015 0.015 0.0125 0.015 0.025 0.015 350000000 200000000 550000000 300000000 300000000 550000000 300000000 351100000 0.0500 0.0525 0.0469 0.03 2023-12-15 2025-04-01 2034-09-01 2024-12-01 2017-05-01 2022-06-01 2017-02-01 0.35 0.35 2700000 1251555000 1284330000 0.017 0.098 0.017 0.098 -1700000 -1700000 8100000 7984000 208509000 203824000 4950000 -265000 0 220996000 212649000 9025000 -678000 0 14100000 136644000 140462000 11946000 10357000 1589000 0 0 23630000 20475000 3155000 0 0 12713000 10642000 2071000 0 0 25177000 21238000 3939000 0 0 0.023 0.026 2019-01-02 2016-12-31 31153000 31153000 0 0 0 49438000 49438000 0 0 0 2023-03-01 2021-12-31 2019-12-31 17 10096000 0 0 0 10096000 0 1.91 3.38 2.12 3.57 1.91 3.38 2.12 3.57 -1612000 0 -1612000 0 2256000 0 2256000 0 0.372 0.374 0.326 0.343 0.350 1439000 -85000 105219000 199775000 107560000 207710000 1507000 617000 700000 -1400000 700000 854915000 809775000 45140000 0 0 9820000 35320000 809775000 881981000 807781000 74200000 0 0 12952000 61250000 807779000 31773000 1018000 30755000 0 97800000 1116000 0 1077000 39000 -3597000 2305000 -5902000 0 2226000 191000 0 2035000 391573000 342184000 49389000 0 0 755457000 656672000 98785000 0 0 410119000 344596000 65523000 0 0 799221000 677307000 121914000 0 0 73777000 71581000 2439000 -243000 0 -485000 4831000 69431000 131250000 127238000 4894000 -882000 0 -1290000 9951000 122589000 69062000 63144000 6523000 -605000 0 -651000 7929000 61784000 123164000 115635000 9337000 -1808000 0 -2274000 13449000 111989000 0 0 0 46461000 -46461000 0 0 0 82675000 -82675000 0 0 0 46958000 -46958000 0 0 0 82002000 -82002000 27467000 26382000 1177000 -92000 0 169000 1010000 26288000 49126000 46985000 2472000 -331000 0 466000 2009000 46651000 22482000 23081000 -372000 -227000 0 -1958000 1586000 22854000 42293000 42362000 608000 -677000 0 -2148000 2756000 41685000 -1399000 -8564000 31197000 15473000 -319000 -271000 -3427000 -15573000 88738000 22080000 307588000 285659000 21929000 0 0 322974000 285659000 37315000 0 0 307588000 14156000 7773000 285659000 322974000 17358000 19957000 285659000 1299000 3202000 -1903000 0 14087000 0 14087000 0 14228000 13073000 1760000 -605000 0 28139000 25796000 3540000 -1197000 0 16705000 16072000 633000 0 0 33634000 32124000 1510000 0 0 13800000 31000 31000 31153000 31153000 51134000 51134000 1745731000 1792145000 1737751000 1533166000 204585000 0 0 1784114000 1532707000 251407000 0 0 7980000 8031000 131000 4235000 131000 4235000 132000 2765000 132000 2765000 2034-06-01 37100000 25321000 30718000 4396716000 3932717000 459879000 2393393000 -2389273000 4500800000 3880969000 623533000 2584701000 -2588403000 2039268000 1822225000 218235000 503333000 -504525000 8257000 2111874000 1816755000 299505000 718412000 -722798000 9783000 31153000 31153000 51134000 51134000 17064000 20935000 0 0 16700000 159000000 116000000 10000000 10000000 1198100000 83800000 2018-06-20 2021-06-17 0.2445 0.1677 0.0500 0.05 0.0395 0.0173 1700000000 125000000 300000000 360000000 1750000000 1800000000 141000000 252300000 241900000 0.0045 0.002 0.0015 4100000 57100000 318800000 1199534000 300788000 64656000 834090000 0 1250940000 340094000 65836000 845010000 0 54991000 47015000 7976000 0 0 42993000 28246000 14747000 0 0 400000 4700000 23600000 545900000 297800000 543100000 296300000 100700000 97300000 0 54 69923000 142208000 9839000 -82124000 -55325000 -45222000 70769000 -80872000 -165636000 -156949000 -8687000 0 -107870000 -44159000 -63711000 0 80575000 -6018000 4469000 82124000 172867000 88538000 3457000 80872000 46310000 45199000 1262000 46310000 -46461000 -654000 3821000 43143000 82124000 80253000 2422000 82124000 -82675000 -1756000 7942000 75938000 46580000 40063000 6895000 46580000 -46958000 1307000 6343000 38930000 80871000 73273000 8729000 80871000 -82002000 -126000 10693000 70304000 0 0 0 80871000 0 44518000 78948000 44695000 77647000 44518000 78948000 44696000 77648000 11022000 13489000 3 4 14 2011 98020000 93613000 5255000 -848000 0 178751000 170511000 10319000 -2079000 0 97360000 89618000 8347000 -605000 0 179401000 168209000 13000000 -1808000 0 11862000 5950000 5912000 0 0 12656000 8126000 4530000 0 0 -20595000 -3913000 -20595000 -3913000 0 0 -2825000 -10058000 5470000 845000 5623000 1186000 -28129000 -30734000 3784000 -762000 -3480000 -12507000 9999000 -20595000 -6068000 -3913000 0 0 0 0 0 0 13783000 3784000 9999000 0 0 -21357000 -762000 -20595000 0 0 -9548000 -3480000 -6068000 0 0 -16420000 -12507000 -3913000 0 0 -21357000 -16420000 -16420000 0 0 0 0 5470000 845000 5623000 1186000 -1980000 -3947000 5470000 845000 -2141000 -4256000 5623000 1186000 1188000 2368000 1285000 2553000 2368000 2553000 -7534000 -26821000 1804000 -4709000 -4709000 -5621000 -16763000 1082000 -2825000 -3373000 -10058000 71865000 80534000 365564000 389593000 -2278000 -499000 -6294000 -6294000 0 0 -3156000 -3007000 -149000 0 33121000 0 0 33121000 115246000 0 0 115246000 9737000 0 0 9737000 10124000 0 0 10124000 130783000 130783000 0 0 54739000 0 54739000 0 50900000 48486000 39305000 9181000 0 70272000 59894000 10378000 0 0.01 0.01 1000000 1000000 0 0 0 0 0 0 27376000 8946000 13118000 5312000 0 28919000 8643000 19592000 684000 0 0 0 0 30300000 25744000 138000 25606000 0 19653000 0 19653000 0 0 -3159000 -423000 0 -2736000 28800000 7900000 P50Y P30Y P10Y P3Y varies P20Y P7Y P5Y P3Y 1269119000 505414000 58361000 82688000 364475000 155585000 90993000 11603000 1332817000 525097000 72906000 86882000 378715000 160866000 96562000 11789000 1033981000 916338000 117643000 0 0 1081232000 938378000 142854000 0 0 1400000 0 100000 2400000 7700000 26942000 989000 25953000 0 22248000 461000 21787000 0 926169000 996944000 2726480000 2287447000 439033000 0 0 130867000 308167000 2287446000 5159334000 4285947000 873387000 0 0 265680000 607708000 4285946000 2782449000 2207383000 575066000 0 0 107276000 467792000 2207381000 5390804000 4289016000 1101788000 0 0 202102000 899688000 4289014000 280568000 237716000 42004000 848000 0 552037000 465188000 84770000 2079000 0 299022000 243312000 55105000 605000 0 592687000 486327000 104552000 1808000 0 4565000 9453000 4658000 10169000 12360 75.66 224520 53.82 893360 889540 69.16 68.03 215980 57.59 2024-05-21 2025-05-19 4500000 1241041 1329013 0.85 25706000 25702000 3000000 9600000 6800000 51748 44806 4000 135000 0 16261000 0 0 16396000 918252000 2078060000 172038000 1056235000 -2388081000 -137984000 291092000 257000 926169000 -161282000 867552000 2180445000 249167000 1021957000 -2584017000 -154404000 284887000 257000 996944000 -260132000 12400000 2291095 4094613 244000 161282000 260132000 115246000 0 0 0 0 115246000 700000 1792000 3176000 1885000 3224000 1792000 3176000 1884000 3223000 0 0 538933000 295156000 539690000 295320000 0.08 23315000 23380000 21070000 21762000 23312000 23377000 21057000 21753000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CREDIT FACILITIES</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the U.S., the Company has a </font><font style="font-family:inherit;font-size:10pt;">$1.8 billion</font><font style="font-family:inherit;font-size:10pt;"> revolving syndicated credit arrangement that matures on </font><font style="font-family:inherit;font-size:10pt;">June&#160;17, 2021</font><font style="font-family:inherit;font-size:10pt;"> and is comprised of </font><font style="font-family:inherit;font-size:10pt;">24</font><font style="font-family:inherit;font-size:10pt;"> financial institutions, including </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> manufacturer-affiliated finance companies (&#8220;Revolving Credit Facility&#8221;). The Company also has a </font><font style="font-family:inherit;font-size:10pt;">$300.0 million</font><font style="font-family:inherit;font-size:10pt;"> floorplan financing arrangement (&#8220;FMCC Facility&#8221;) with Ford Motor Credit Company (&#8220;FMCC&#8221;) for financing of new Ford vehicles in the U.S. and other floorplan financing arrangements with several other automobile manufacturers for financing of a portion of its U.S. rental vehicle inventory. In the U.K., the Company has financing arrangements with BMW Financial Services, Volkswagen Finance and FMCC for financing of its new and used vehicles. In Brazil, the Company has financing arrangements for new, used, and rental vehicles with several financial institutions, most of which are manufacturer affiliated. Within the Company's Consolidated Balance Sheets, Floorplan notes payable&#160;- credit facility and other primarily reflects amounts payable for the purchase of specific new, used and rental vehicle inventory (with the exception of new and rental vehicle purchases financed through lenders affiliated with the respective manufacturer) whereby financing is provided by the Revolving Credit Facility. Floorplan notes payable&#160;- manufacturer affiliates reflects amounts related to the purchase of vehicles whereby financing is provided by the FMCC Facility, the financing of a portion of the Company's rental vehicles in the U.S., as well as the financing of new, used, and rental vehicles in both the U.K. and Brazil. Payments on the floorplan notes payable are generally due as the vehicles are sold. As a result, these obligations are reflected in the accompanying Consolidated Balance Sheets as current liabilities.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revolving Credit Facility</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 17, 2016, the Company amended its Revolving Credit Facility principally to increase the total borrowing capacity from </font><font style="font-family:inherit;font-size:10pt;">$1.7 billion</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">$1.8 billion</font><font style="font-family:inherit;font-size:10pt;"> and to extend the term from an expiration date of </font><font style="font-family:inherit;font-size:10pt;">June&#160;20, 2018</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">June&#160;17, 2021</font><font style="font-family:inherit;font-size:10pt;">. The Revolving Credit Facility consists of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> tranches, providing a maximum of </font><font style="font-family:inherit;font-size:10pt;">$1.75 billion</font><font style="font-family:inherit;font-size:10pt;"> for U.S. vehicle inventory floorplan financing (&#8220;Floorplan Line&#8221;), as well as a maximum of </font><font style="font-family:inherit;font-size:10pt;">$360.0 million</font><font style="font-family:inherit;font-size:10pt;"> and a minimum of </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> for working capital and general corporate purposes, including acquisitions (&#8220;Acquisition Line&#8221;). The capacity under these </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> tranches can be re-designated within the overall </font><font style="font-family:inherit;font-size:10pt;">$1.8 billion</font><font style="font-family:inherit;font-size:10pt;"> commitment, subject to the aforementioned limits. Up to </font><font style="font-family:inherit;font-size:10pt;">$125.0 million</font><font style="font-family:inherit;font-size:10pt;"> of the Acquisition Line can be borrowed in either euros or British pound sterling. The Revolving Credit Facility can be expanded to a maximum commitment of </font><font style="font-family:inherit;font-size:10pt;">$2.1 billion</font><font style="font-family:inherit;font-size:10pt;">, subject to participating lender approval. The Floorplan Line bears interest at rates equal to the LIBOR plus </font><font style="font-family:inherit;font-size:10pt;">125 basis points</font><font style="font-family:inherit;font-size:10pt;"> for new vehicle inventory and the LIBOR plus </font><font style="font-family:inherit;font-size:10pt;">150 basis points</font><font style="font-family:inherit;font-size:10pt;"> for used vehicle inventory. The Acquisition Line bears interest at the LIBOR plus </font><font style="font-family:inherit;font-size:10pt;">150 basis points</font><font style="font-family:inherit;font-size:10pt;"> plus a margin that ranges from </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">100 basis points</font><font style="font-family:inherit;font-size:10pt;">, depending on the Company's total adjusted leverage ratio, for borrowings in U.S. dollars and a LIBOR equivalent plus </font><font style="font-family:inherit;font-size:10pt;">125</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">250 basis points</font><font style="font-family:inherit;font-size:10pt;">, depending on the Company's total adjusted leverage ratio, on borrowings in euros or British pound sterling. The Floorplan Line requires a commitment fee of </font><font style="font-family:inherit;font-size:10pt;">0.15%</font><font style="font-family:inherit;font-size:10pt;">&#160;per annum on the unused portion. Amounts borrowed by the Company under the Floorplan Line for specific vehicle inventory are to be repaid upon the sale of the vehicle financed, and in no case is a borrowing for a vehicle to remain outstanding for greater than </font><font style="font-family:inherit;font-size:10pt;">one year</font><font style="font-family:inherit;font-size:10pt;">. The Acquisition Line also requires a commitment fee ranging from </font><font style="font-family:inherit;font-size:10pt;">0.20%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">0.45%</font><font style="font-family:inherit;font-size:10pt;">&#160;per annum, depending on the Company&#8217;s total adjusted leverage ratio, based on a minimum commitment of </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> less outstanding borrowings. In conjunction with the Revolving Credit Facility, the Company has </font><font style="font-family:inherit;font-size:10pt;">$5.9 million</font><font style="font-family:inherit;font-size:10pt;"> of related unamortized costs as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, which are included in Prepaid expenses and other current assets and Other Assets on the accompanying Consolidated Balance Sheets and amortized over the term of the facility.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After considering the outstanding balance of </font><font style="font-family:inherit;font-size:10pt;">$1,198.1 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">$241.9 million</font><font style="font-family:inherit;font-size:10pt;"> of available floorplan borrowing capacity under the Floorplan Line. Included in the </font><font style="font-family:inherit;font-size:10pt;">$241.9 million</font><font style="font-family:inherit;font-size:10pt;"> available borrowings under the Floorplan Line was </font><font style="font-family:inherit;font-size:10pt;">$35.5 million</font><font style="font-family:inherit;font-size:10pt;"> of immediately available funds. The weighted average interest rate on the Floorplan Line was </font><font style="font-family:inherit;font-size:10pt;">1.7%</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, excluding the impact of the Company&#8217;s interest rate swaps. With regards to the Acquisition Line, borrowings outstanding as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> were </font><font style="font-family:inherit;font-size:10pt;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;">, respectively. After considering </font><font style="font-family:inherit;font-size:10pt;">$37.1 million</font><font style="font-family:inherit;font-size:10pt;"> of outstanding letters of credit and other factors included in the Company&#8217;s available borrowing base calculation, there was </font><font style="font-family:inherit;font-size:10pt;">$252.3 million</font><font style="font-family:inherit;font-size:10pt;"> of available borrowing capacity under the Acquisition Line as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. The amount of available borrowing capacity under the Acquisition Line is limited from time to time based upon certain debt covenants. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of the U.S. dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility. The Company&#8217;s obligations under the Revolving Credit Facility are secured by essentially all of the Company's U.S. personal property (other than equity interests in dealership-owning subsidiaries), including all motor vehicle inventory and proceeds from the disposition of dealership-owning subsidiaries, excluding inventory financed directly with manufacturer-affiliates and other third-party financing institutions. The Revolving Credit Facility contains a number of significant covenants that, among other things, restrict the Company&#8217;s ability to make disbursements outside of the ordinary course of business, dispose of assets, incur additional indebtedness, create liens on assets, make investments and engage in mergers or consolidations. The Company is also required to comply with specified financial tests and ratios defined in the Revolving Credit Facility, such as the fixed charge coverage and total adjusted leverage ratios. Further, the Revolving Credit Facility restricts the Company&#8217;s ability to make certain payments, such as dividends or other distributions of assets, properties, cash, rights, obligations or securities (&#8220;Restricted Payments&#8221;). The Restricted Payments cannot exceed the sum of </font><font style="font-family:inherit;font-size:10pt;">$208.5 million</font><font style="font-family:inherit;font-size:10pt;"> plus (or minus if negative) (a)&#160;one-half of the aggregate consolidated net income for the period beginning on April 1, 2014 and ending on the date of determination and (b)&#160;the amount of net cash proceeds received from the sale of capital stock after June 2, 2014 and ending on the date of determination less (c) cash dividends and share repurchases after June 2, 2014 (&#8220;Credit Facility Restricted Payment Basket&#8221;). For purposes of the calculation of the Credit Facility Restricted Payment Basket, net income represents such amounts per the consolidated financial statements adjusted to exclude the Company&#8217;s foreign operations, non-cash interest expense, non-cash asset impairment charges, and non-cash stock-based compensation. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Credit Facility Restricted Payment Basket totaled </font><font style="font-family:inherit;font-size:10pt;">$108.8 million</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company was in compliance with all applicable covenants and ratios under the Revolving Credit Facility.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Ford Motor Credit Company Facility</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FMCC Facility provides for the financing of, and is collateralized by, the Company&#8217;s Ford new vehicle inventory in the U.S., including affiliated brands. This arrangement provides for </font><font style="font-family:inherit;font-size:10pt;">$300.0 million</font><font style="font-family:inherit;font-size:10pt;"> of floorplan financing and is an evergreen arrangement that may be canceled with </font><font style="font-family:inherit;font-size:10pt;">30 days</font><font style="font-family:inherit;font-size:10pt;">' notice by either party. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had an outstanding balance of </font><font style="font-family:inherit;font-size:10pt;">$159.0 million</font><font style="font-family:inherit;font-size:10pt;"> under the FMCC Facility with an available floorplan borrowing capacity of </font><font style="font-family:inherit;font-size:10pt;">$141.0 million</font><font style="font-family:inherit;font-size:10pt;">. Included in the </font><font style="font-family:inherit;font-size:10pt;">$141.0 million</font><font style="font-family:inherit;font-size:10pt;"> available borrowings under the FMCC Facility was </font><font style="font-family:inherit;font-size:10pt;">$27.5 million</font><font style="font-family:inherit;font-size:10pt;"> of immediately available funds. This facility bears interest at a rate of Prime plus </font><font style="font-family:inherit;font-size:10pt;">150 basis points</font><font style="font-family:inherit;font-size:10pt;"> minus certain incentives. The interest rate on the FMCC Facility was </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> before considering the applicable incentives as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Credit Facilities</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has credit facilities with BMW Financial Services, Volkswagen Finance and FMCC for the financing of new, used and rental vehicle inventories related to its U.K. operations. These facilities are denominated in British pound sterling and are evergreen arrangements that may be canceled with notice by either party and bear interest at a base rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities range from </font><font style="font-family:inherit;font-size:10pt;">1.73%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">3.95%</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings outstanding under these facilities totaled </font><font style="font-family:inherit;font-size:10pt;">$83.8 million</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has credit facilities with financial institutions in Brazil, most of which are affiliated with the manufacturers, for the financing of new, used and rental vehicle inventories related to its Brazil operations. These facilities are denominated in Brazilian real and have renewal terms ranging from </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> month to </font><font style="font-family:inherit;font-size:10pt;">twelve</font><font style="font-family:inherit;font-size:10pt;"> months. They may be canceled with notice by either party and bear interest at a benchmark rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities, after the grace period of </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">90</font><font style="font-family:inherit;font-size:10pt;"> days, range from </font><font style="font-family:inherit;font-size:10pt;">16.77%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">24.45%</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings outstanding under these facilities totaled </font><font style="font-family:inherit;font-size:10pt;">$16.7 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Excluding rental vehicles financed through the Revolving Credit Facility, financing for U.S. rental vehicles is typically obtained directly from the automobile manufacturers. These financing arrangements generally require small monthly payments and mature in varying amounts over a period of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> years. The interest rate charged on borrowings related to the Company&#8217;s rental vehicle fleet varies up to </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;">. Rental vehicles are typically transferred to used vehicle inventory when they are removed from service and repayment of the borrowing is required at that time. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings outstanding under these facilities totaled </font><font style="font-family:inherit;font-size:10pt;">$116.0 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP")&#160;for interim financial information and with the instructions to Form&#160;10-Q and Article&#160;10 of Regulation&#160;S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP&#160;for complete financial statements. In the opinion of management, all adjustments of a normal and recurring nature considered necessary for a fair presentation have been included in the accompanying unaudited condensed Consolidated Financial Statements. Due to seasonality and other factors, the results of operations for the interim period are not necessarily indicative of the results that will be realized for any other interim period or for the entire fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company&#8217;s Annual Report on Form&#160;10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;</font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Form&#160;10-K&#8221;).</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All business acquisitions completed during the periods presented have been accounted for using the purchase method of accounting, and their results of operations are included from the effective dates of the closings of the acquisitions. The allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on estimates of fair value and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). All intercompany balances and transactions have been eliminated in consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ACQUISITIONS AND DISPOSITIONS</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company acquired </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> U.K. dealerships, inclusive of </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> franchises. The Company also acquired </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> dealership and opened </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> dealerships in Brazil for </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> acquired and </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> previously awarded franchises. Aggregate consideration paid for these dealerships totaled </font><font style="font-family:inherit;font-size:10pt;">$60.4 million</font><font style="font-family:inherit;font-size:10pt;">, including the associated real estate and goodwill. Also, included in the consideration paid was </font><font style="font-family:inherit;font-size:10pt;">$3.9 million</font><font style="font-family:inherit;font-size:10pt;"> of cash received in the acquisition of the dealerships and a payable to sellers as of June 30, 2016 of </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;">. The purchase price has been allocated based upon the consideration paid and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The allocation of the purchase price is preliminary and based on estimates and assumptions that are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). In addition, during the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company disposed of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> U.S. dealerships and </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> dealerships in Brazil. As a result of these U.S. and Brazil dealership dispositions, a net pretax gain of </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> and a net pretax loss of </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, were recognized for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company acquired </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> U.S. dealerships, sold </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> U.S. dealership and terminated </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> U.S. dealership franchise. The Company also terminated </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> franchises in Brazil. As a result of these dispositions, a net pretax gain of </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;">, including related asset impairments, was recognized for the three and six months ended June 30, 2015.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">COMMITMENTS AND CONTINGENCIES</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, the Company&#8217;s dealerships are named in various types of litigation involving customer claims, employment matters, class action claims, purported class action claims, as well as claims involving the manufacturer of automobiles, contractual disputes and other matters arising in the ordinary course of business. Due to the nature of the automotive retailing business, the Company may be involved in legal proceedings or suffer losses that could have a material adverse effect on the Company&#8217;s business. In the normal course of business, the Company is required to respond to customer, employee and other third-party complaints. Amounts that have been accrued or paid related to the settlement of litigation are included in selling, general and administrative expenses in the Company&#8217;s Consolidated Statements of Operations. In addition, the manufacturers of the vehicles that the Company sells and services have audit rights allowing them to review the validity of amounts claimed for incentive, rebate or warranty-related items and charge the Company back for amounts determined to be invalid payments under the manufacturers&#8217; programs, subject to the Company&#8217;s right to appeal any such decision. Amounts that have been accrued or paid related to the settlement of manufacturer chargebacks of recognized incentives and rebates are included in cost of sales in the Company&#8217;s Consolidated Statements of Operations, while such amounts for manufacturer chargebacks of recognized warranty-related items are included as a reduction of revenues in the Company&#8217;s Consolidated Statements of Operations.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Legal Proceedings</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currently, the Company is not party to any legal proceedings that, individually or in the aggregate, are reasonably expected to have a material adverse effect on the Company's results of operations, financial condition, or cash flows, including class action lawsuits. However, the results of current, or future, matters cannot be predicted with certainty, and an unfavorable resolution of one or more of such matters could have a material adverse effect on the Company's results of operations, financial condition, or cash flows.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Matters</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, acting through its subsidiaries, is the lessee under many real estate leases that provide for the use by the Company&#8217;s subsidiaries of their respective dealership premises. Pursuant to these leases, the Company&#8217;s subsidiaries generally agree to indemnify the lessor and other parties from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, or a breach of the lease by the lessee. Additionally, from time to time, the Company enters into agreements in connection with the sale of assets or businesses in which it agrees to indemnify the purchaser, or other parties, from certain liabilities or costs arising in connection with the assets or business. Also, in the ordinary course of business in connection with purchases or sales of goods and services, the Company enters into agreements that may contain indemnification provisions. In the event that an indemnification claim is asserted, liability would be limited by the terms of the applicable agreement.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, primarily in connection with dealership dispositions, the Company&#8217;s subsidiaries sublet to the dealership purchaser the subsidiaries&#8217; interests in any real property leases associated with such dealerships and continue to be primarily obligated on the lease. In these situations, the Company&#8217;s subsidiaries retain primary responsibility for the performance of certain obligations under such leases. To the extent that the Company remains primarily responsible under such leases, a quantification of such lease obligations is included in the Company's disclosure of future minimum lease payments for non-cancelable operating leases in Note 18, Operating Leases of the 2015 Form 10-K. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In certain instances, also in connection with dealership dispositions, the Company&#8217;s subsidiaries assign to the dealership purchaser the subsidiaries&#8217; interests in any real property leases associated with such dealerships. The Company&#8217;s subsidiaries may retain secondary responsibility for the performance of certain obligations under such leases to the extent that the assignee does not perform, if such performance is required following the assignment of the lease. Additionally, the Company and its subsidiaries may remain subject to the terms of a guaranty made by the Company and its subsidiaries in connection with such leases. In these circumstances, the Company generally has indemnification rights against the assignee in the event of non-performance under these leases, as well as certain defenses. The Company and its subsidiaries also may be called on to perform other obligations under these leases, such as environmental remediation of the leased premises or repair of the leased premises upon termination of the lease. However, potential environmental liabilities are generally known at the time of the sale of the dealership if not previously remediated. The Company does not have any known material environmental commitments or contingencies and presently has no reason to believe that it or its subsidiaries will be called on to so perform. Although not estimated to be material, the Company&#8217;s exposure under these leases is difficult to estimate and there can be no assurance that any performance of the Company or its subsidiaries required under these leases would not have a material adverse effect on the Company&#8217;s business, financial condition, or cash flows.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ACCUMULATED OTHER COMPREHENSIVE LOSS</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in the balances of each component of accumulated other comprehensive loss for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six Months Ended June 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated foreign currency translation loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated loss on interest rate swaps</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, December&#160;31, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(118,532</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(19,452</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(137,984</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other comprehensive loss before reclassifications:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pre-tax</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(26,821</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(30,734</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,058</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,058</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Amounts reclassified from accumulated other comprehensive loss to:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,623</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,623</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net current period other comprehensive loss</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(122,445</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(31,959</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(154,404</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six Months Ended June 30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated foreign currency translation loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated loss on interest rate swaps</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, December&#160;31, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(64,075</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,909</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(81,984</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other comprehensive loss before reclassifications:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pre-tax</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,595</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,534</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(28,129</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,825</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,825</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Amounts reclassified from accumulated other comprehensive loss to:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,470</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,470</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,368</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,368</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net current period other comprehensive loss</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,595</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(762</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(21,357</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(84,670</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(18,671</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(103,341</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15. CONDENSED CONSOLIDATING FINANCIAL INFORMATION</font></div><div style="line-height:120%;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following tables include condensed consolidating financial information as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, and for the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, for Group 1 Automotive, Inc.&#8217;s (as issuer of the 5.00%&#160;Notes), guarantor subsidiaries and non-guarantor subsidiaries (representing foreign entities). The condensed consolidating financial information includes certain allocations of balance sheet, statement of operations and cash flows items that are not necessarily indicative of the financial position, results of operations or cash flows of these entities had they operated on a stand-alone basis. In accordance with Rule 3-10 of Regulation S-X, condensed consolidated financial statements of non-guarantors are not required. The Company has no assets or operations independent of its subsidiaries. Obligations under the 5.00% Senior Notes are fully and unconditionally and jointly and severally guaranteed on a senior unsecured basis by the Company&#8217;s current 100%-owned domestic subsidiaries and certain of the Company&#8217;s future domestic subsidiaries, with the exception of the Company&#8217;s &#8220;minor&#8221; subsidiaries (as defined by Rule 3-10 of Regulation S-X). There are no significant restrictions on the ability of the Company or subsidiary guarantors for the Company to obtain funds from its subsidiary guarantors by dividend or loan. None of the subsidiary guarantors&#8217; assets represent restricted assets pursuant to SEC Rule 4-08(e)(3) of Regulation S-X.</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEET</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:43%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT ASSETS:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,495</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,470</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,965</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Contracts-in-transit and vehicle receivables, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">173,024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">39,280</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">212,304</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts and notes receivable, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">116,770</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,885</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">151,655</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Inventories, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,532,707</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">251,407</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,784,114</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prepaid expenses and other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">684</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,643</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,592</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,919</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">684</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,841,025</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">364,634</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,386</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,201,957</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">PROPERTY AND EQUIPMENT, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">938,378</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">142,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,081,232</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">GOODWILL</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">807,781</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">74,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">881,981</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INTANGIBLE FRANCHISE RIGHTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">285,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">37,315</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">322,974</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INVESTMENT IN SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,584,017</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,584,017</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">OTHER ASSETS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,126</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,530</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,656</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,584,701</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,880,969</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">623,533</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,588,403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,500,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT LIABILITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; credit facility and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,233,518</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,702</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,239,220</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(35,461</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(35,461</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">302,504</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">94,791</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">397,295</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(27,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(27,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current maturities of long-term debt and short-term financing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,246</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">14,747</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">42,993</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">158,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">154,719</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">313,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">718,412</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,386</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(722,798</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">156,948</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,160</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">182,108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">718,412</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,816,755</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">299,505</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(722,798</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,111,874</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LONG-TERM DEBT, net of current maturities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">845,010</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">340,094</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">65,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,250,940</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,438</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,438</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">DEFERRED INCOME TAXES AND OTHER LIABILITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(678</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">212,649</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">220,996</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">STOCKHOLDERS&#8217; EQUITY:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Group 1 stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,021,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,180,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">249,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,584,017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">867,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany note receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(718,412</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">718,412</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,021,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,462,033</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">249,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,865,605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">867,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities and stockholders&#8217; equity</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,584,701</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,880,969</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">623,533</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,588,403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,500,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEET</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:43%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT ASSETS:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,338</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,699</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,037</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Contracts-in-transit and vehicle receivables, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">233,275</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">252,438</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts and notes receivable, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">132,078</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,690</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">157,768</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Inventories, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,533,166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">204,585</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,737,751</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prepaid expenses and other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,312</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,946</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,118</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">27,376</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,312</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,914,995</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">269,255</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,192</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,188,370</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">PROPERTY AND EQUIPMENT, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">916,338</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">117,643</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,033,981</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">GOODWILL</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">809,775</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,140</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">854,915</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INTANGIBLE FRANCHISE RIGHTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">285,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">21,929</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">307,588</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INVESTMENT IN SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,388,081</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,388,081</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">OTHER ASSETS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,950</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,912</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,862</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,393,393</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,932,717</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">459,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,389,273</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,396,716</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT LIABILITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; credit facility and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,261,606</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,113</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,265,719</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(110,759</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(110,759</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">303,810</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85,261</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">389,071</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current maturities of long-term debt and short-term financing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">47,015</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,976</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">54,991</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">178,544</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">101,879</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">280,423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,333</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,192</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(504,525</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">167,509</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,814</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">185,323</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,333</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,822,225</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">218,235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(504,525</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,039,268</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LONG-TERM DEBT, net of current maturities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">834,090</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">300,788</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64,656</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,199,534</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,153</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,153</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">DEFERRED INCOME TAXES AND OTHER LIABILITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(265</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">203,824</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">208,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">STOCKHOLDERS&#8217; EQUITY:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Group 1 stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,056,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,078,060</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,038</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,388,081</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">918,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany note receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(503,333</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,333</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,056,235</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,574,727</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,038</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,884,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">918,252</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities and stockholders&#8217; equity</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,393,393</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,932,717</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">459,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,389,273</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,396,716</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,207,383</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">575,066</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,782,449</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,862,787</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">509,543</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,372,330</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">344,596</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,523</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">410,119</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">243,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55,105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">299,022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,642</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,071</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,713</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,024</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,024</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(605</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,618</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,347</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,360</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,402</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,191</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,593</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,072</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(633</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,705</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(605</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,144</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,523</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,062</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">227</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23,081</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">372</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,958</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,958</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,063</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,895</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,958</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE LOSS, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,480</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,068</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,548</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,583</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">827</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,958</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,032</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,289,016</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,101,788</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,390,804</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,611,709</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">979,874</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,591,583</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">677,307</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,914</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">799,221</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">486,327</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">592,687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,238</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,939</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,177</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,533</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">423</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,956</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,808</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">168,209</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">179,401</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,450</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,153</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,603</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,510</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33,634</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,808</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115,635</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,337</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">123,164</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">677</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42,362</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(608</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42,293</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,002</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,002</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,273</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,729</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,002</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE LOSS, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,766</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,002</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,451</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,287,447</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">439,033</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,726,480</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,945,263</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">389,644</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,334,907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">342,184</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,389</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">391,573</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">848</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,716</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">280,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,357</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,589</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,946</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(848</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,613</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,255</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,020</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,959</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,056</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,015</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,073</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,760</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,228</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(243</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,581</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,439</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,777</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26,382</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,177</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(27,467</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,461</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,461</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,199</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,262</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,461</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE INCOME, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,784</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,999</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,783</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48,983</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,261</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,461</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,093</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,285,947</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">873,387</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,334</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,629,275</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">774,602</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,403,877</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">656,672</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,785</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">755,457</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,079</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">465,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">552,037</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,475</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,155</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,630</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,079</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">170,511</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,319</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178,751</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17,477</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,885</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19,362</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,197</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,540</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(882</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127,238</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,894</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">131,250</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,985</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,472</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(49,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,253</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,422</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,675</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE LOSS, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(762</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,595</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21,357</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,491</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(18,173</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,675</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,767</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM OPERATING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by operating activities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">88,538</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,457</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,867</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM INVESTING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash paid in acquisitions, net of cash received</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(54,739</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(54,739</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from disposition of franchises, property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,728</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,985</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchases of property and equipment, including real estate</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(59,894</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,378</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(70,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">149</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,156</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash used in investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(44,159</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(63,711</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(107,870</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM FINANCING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - floorplan line and other </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,373,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,373,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayments on credit facility - floorplan line and other</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,325,917</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,325,917</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">150,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">150,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayment on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(140,020</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(140,020</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,653</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,653</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(461</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(21,787</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(22,248</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on debt related to real estate, net of debt issue costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on debt related to real estate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,611</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,604</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,215</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Employee stock purchase plan purchases, net of employee tax withholdings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repurchases of common stock, amounts based on settlement date</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(115,246</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(115,246</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect from stock-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,124</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,124</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,736</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,159</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings (repayments) with subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">233,120</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(236,314</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,194</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Investment in subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(195,937</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">123,624</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">72,313</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Distributions to parent</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by (used in) financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(80,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(45,222</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70,769</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(55,325</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EFFECT OF EXCHANGE RATE CHANGES ON CASH</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,256</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,256</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(843</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,771</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,928</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, beginning of period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,338</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,699</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,037</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,495</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,470</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,965</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM OPERATING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by (used in) operating activities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,018</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,469</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,575</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM INVESTING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash paid in acquisitions, net of cash received</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(130,783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(130,783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from disposition of franchises, property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,845</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">494</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,339</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchases of property and equipment, including real estate</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(39,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,181</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(48,486</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,294</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,294</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash used in investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(156,949</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(8,687</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(165,636</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM FINANCING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - floorplan line and other </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,550,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,550,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayments on credit facility - floorplan line and other</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,466,772</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,466,772</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">346,050</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">346,050</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayment on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(324,222</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(324,222</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">138</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,606</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(989</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,953</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(26,942</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on debt related to real estate, net of debt issue costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on debt related to real estate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,846</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,513</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(14,359</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Employee stock purchase plan purchases, net of employee tax withholdings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repurchases of common stock, amounts based on settlement date</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(33,121</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(33,121</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect from stock-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,439</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,439</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,737</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,737</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings (repayments) with subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,027</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(54,206</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,821</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Investment in subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(140,008</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">124,918</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,090</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Distributions to parent</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by (used in) financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">142,208</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,839</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">69,923</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EFFECT OF EXCHANGE RATE CHANGES ON CASH</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,612</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,612</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,759</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,009</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,750</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, beginning of period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,379</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,596</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">40,975</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,620</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,605</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,225</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Variable Interest Entity</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services for a variable fee, both of which constitute variable interests in the entity. The Company's exposure to loss as a result of its involvement in the entity includes the balance outstanding under the loan arrangement. The Company holds an </font><font style="font-family:inherit;font-size:10pt;">8%</font><font style="font-family:inherit;font-size:10pt;"> equity ownership interest in the entity. The Company has determined that the entity meets the criteria of a variable interest entity ("VIE"). The terms of the loan and services agreements provide the Company with the right to control the activities of the VIE that most significantly impact the VIE's economic performance, the obligation to absorb potentially significant losses of the VIE and the right to receive potentially significant benefits from the VIE. Accordingly, the Company qualified as the VIE's primary beneficiary and consolidated the assets and liabilities of the VIE as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, are as follows (in thousands): </font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:61%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,849</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current assets </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,489</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,022</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,210</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,783</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,718</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,321</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LONG-TERM DEBT</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following:</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(dollars in thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">5.00% Senior Notes (aggregate principal of $550,000 at June 30, 2016 and December 31, 2015)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">539,690</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">538,933</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">5.25% Senior Notes (aggregate principal of $300,000 at June 30, 2016 and December 31, 2015)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">295,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">295,156</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Acquisition Line</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Real Estate Related and Other Long-Term Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">389,593</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">365,564</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,727</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,902</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,330</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,251,555</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Less current maturities of other long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,390</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,021</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,250,940</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,199,534</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in current maturities of long-term debt and short-term financing in the Company's Consolidated Balance Sheets as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, was </font><font style="font-family:inherit;font-size:10pt;">$9.6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, of short-term financing that was due within one year.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">5.00%&#160;Senior Notes</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 2, 2014, the Company issued </font><font style="font-family:inherit;font-size:10pt;">$350.0 million</font><font style="font-family:inherit;font-size:10pt;"> aggregate principal amount of its </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Senior Notes due 2022("</font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes"). Subsequently, on September 9, 2014, the Company issued an additional </font><font style="font-family:inherit;font-size:10pt;">$200.0 million</font><font style="font-family:inherit;font-size:10pt;"> of </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes at a discount of </font><font style="font-family:inherit;font-size:10pt;">1.5%</font><font style="font-family:inherit;font-size:10pt;"> from face value. The </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes will mature on </font><font style="font-family:inherit;font-size:10pt;">June&#160;1, 2022</font><font style="font-family:inherit;font-size:10pt;"> and pay interest semiannually, in arrears, in cash on each June 1 and December 1, beginning December 1, 2014. Using proceeds of certain equity offerings, the Company may redeem up to </font><font style="font-family:inherit;font-size:10pt;">35.0%</font><font style="font-family:inherit;font-size:10pt;"> of the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes prior to June 1, 2017, subject to certain conditions, at a redemption price equal to </font><font style="font-family:inherit;font-size:10pt;">105%</font><font style="font-family:inherit;font-size:10pt;"> of principal amount of the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes prior to June 1, 2017 at a redemption price equal to </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the principal amount of the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes redeemed, plus an applicable premium, and plus accrued and unpaid interest. On or after June 1, 2017, the Company may redeem some or all of the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes if it sells certain assets or triggers the change in control provisions defined in the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes indenture. The </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes are senior unsecured obligations and rank equal in right of payment to all of the Company's existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes are guaranteed by substantially all of the Company's U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company's U.S. subsidiary guarantor&#8217;s existing and future subordinated debt. In addition, the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.00% Notes is the same as under the Credit Facility Restricted Payment Basket. The 5.00% Notes were registered with the Securities and Exchange Commission in June 2015.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The underwriters' fees, discount and capitalized debt issuance costs relative to the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes totaled </font><font style="font-family:inherit;font-size:10pt;">$13.1 million</font><font style="font-family:inherit;font-size:10pt;">. These amounts are included as a direct reduction of the </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> years in conjunction with the term of the 5.00% Notes. The </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes are presented net of unamortized underwriters' fees, discount and debt issuance costs of </font><font style="font-family:inherit;font-size:10pt;">$10.3 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">5.25% Senior Notes</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 8, 2015, the Company issued </font><font style="font-family:inherit;font-size:10pt;">5.25%</font><font style="font-family:inherit;font-size:10pt;"> senior unsecured notes with a face amount of&#160;</font><font style="font-family:inherit;font-size:10pt;">$300.0 million</font><font style="font-family:inherit;font-size:10pt;">&#160;due to mature on </font><font style="font-family:inherit;font-size:10pt;">December 15, 2023</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;5.25% Notes&#8221;). The&#160;5.25%&#160;Notes pay interest semiannually, in arrears, in cash on each June 15 and December 15, beginning June 15, 2016. Using proceeds of certain equity offerings, the Company may redeem up to&#160;</font><font style="font-family:inherit;font-size:10pt;">35.0%</font><font style="font-family:inherit;font-size:10pt;">&#160;of the&#160;5.25%&#160;Notes prior to December&#160;15, 2018, subject to certain conditions, at a redemption price equal to&#160;</font><font style="font-family:inherit;font-size:10pt;">105.25%</font><font style="font-family:inherit;font-size:10pt;">&#160;of principal amount of the&#160;5.25%&#160;Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.25%&#160;Notes prior to December 15, 2018 at a redemption price equal to </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the principal amount of the&#160;5.25%&#160;Notes redeemed, plus an applicable make-whole premium, and plus accrued and unpaid interest. On or after December 15, 2018, the Company may redeem some or all of the&#160;5.25%&#160;Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the&#160;5.25%&#160;Notes if it sells certain assets or triggers the change in control provisions defined in the&#160;5.25%&#160;Notes indenture. The&#160;5.25%&#160;Notes are senior unsecured obligations and rank equal in right of payment to all of the Company&#8217;s existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The&#160;5.25%&#160;Notes are guaranteed by substantially all of the Company&#8217;s U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company&#8217;s U.S. subsidiary guarantor&#8217;s existing and future subordinated debt. In addition, the&#160;5.25%&#160;Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.25% Notes is the same as under the Credit Facility Restricted Payment Basket.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The underwriters' fees and capitalized debt issuance costs relative to the 5.25% Notes totaled </font><font style="font-family:inherit;font-size:10pt;">$5.0 million</font><font style="font-family:inherit;font-size:10pt;">. These amounts&#160;are included as a direct reduction of the&#160;5.25%&#160;Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of&#160;</font><font style="font-family:inherit;font-size:10pt;">eight years</font><font style="font-family:inherit;font-size:10pt;"> in conjunction with the term of the 5.25% Notes. The&#160;5.25%&#160;Notes are presented net of unamortized underwriters' fees and debt issuance costs of </font><font style="font-family:inherit;font-size:10pt;">$4.7 million</font><font style="font-family:inherit;font-size:10pt;">&#160;as of&#160;</font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Acquisition Line</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note 8, "Credit Facilities," for further discussion on the Company's Revolving Credit Facility and Acquisition Line.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Real Estate Related and Other Long-Term Debt</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, as well as certain of its wholly-owned subsidiaries, has entered into separate term mortgage loans in the U.S. with </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> of its manufacturer-affiliated finance partners, Toyota Motor Credit Corporation (&#8220;TMCC&#8221;), BMW Financial Services NA, LLC (&#8220;BMWFS&#8221;) and FMCC, as well as several third-party financial institutions (collectively, &#8220;Real Estate Notes&#8221;). The Real Estate Notes may be expanded for borrowings related to specific buildings and/or properties and are guaranteed by the Company. Each loan was made in connection with, and is secured by mortgage liens on, the real property owned by the Company that is mortgaged under the Real Estate Notes. The Real Estate Notes bear interest at fixed rates between </font><font style="font-family:inherit;font-size:10pt;">3.00%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">4.69%</font><font style="font-family:inherit;font-size:10pt;">, and at variable indexed rates plus a spread between </font><font style="font-family:inherit;font-size:10pt;">1.50%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2.50%</font><font style="font-family:inherit;font-size:10pt;">&#160;per annum. The Company capitalized </font><font style="font-family:inherit;font-size:10pt;">$2.7 million</font><font style="font-family:inherit;font-size:10pt;"> of related debt issuance costs related to the Real Estate Notes which are included as a direct reduction to the Real Estate Notes on the accompanying Consolidated Balance Sheets and are being amortized over the terms of the notes, </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> of which remained unamortized as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Real Estate Notes consist of </font><font style="font-family:inherit;font-size:10pt;">54</font><font style="font-family:inherit;font-size:10pt;"> term loans for an aggregate principal amount of </font><font style="font-family:inherit;font-size:10pt;">$351.1 million</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings outstanding under these notes totaled </font><font style="font-family:inherit;font-size:10pt;">$318.8 million</font><font style="font-family:inherit;font-size:10pt;">, with </font><font style="font-family:inherit;font-size:10pt;">$23.6 million</font><font style="font-family:inherit;font-size:10pt;"> classified as a current maturity of long-term debt. For the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company made additional net borrowings and principal payments of </font><font style="font-family:inherit;font-size:10pt;">$30.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$7.7 million</font><font style="font-family:inherit;font-size:10pt;">, respectively. The agreements provide for monthly payments based on </font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;">-year amortization schedules and mature between </font><font style="font-family:inherit;font-size:10pt;">May 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 2024</font><font style="font-family:inherit;font-size:10pt;">. These Real Estate Notes are cross-collateralized and cross-defaulted with each other.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has entered into </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> separate term mortgage loans in the U.K. with other third-party financial institutions which are secured by the Company&#8217;s U.K. properties. These mortgage loans (collectively, &#8220;U.K. Notes&#8221;) are denominated in British pound sterling and are being repaid in monthly installments that will mature by </font><font style="font-family:inherit;font-size:10pt;">September 2034</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings under the U.K. Notes totaled </font><font style="font-family:inherit;font-size:10pt;">$57.1 million</font><font style="font-family:inherit;font-size:10pt;">, with </font><font style="font-family:inherit;font-size:10pt;">$4.7 million</font><font style="font-family:inherit;font-size:10pt;"> classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company assumed </font><font style="font-family:inherit;font-size:10pt;">$8.3 million</font><font style="font-family:inherit;font-size:10pt;"> of term mortgage loans in conjunction with U.K. dealership acquisitions, made </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> additional borrowings and made principal payments of </font><font style="font-family:inherit;font-size:10pt;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;"> associated with the U.K. Notes. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a separate term mortgage loan in Brazil with a third-party financial institution (the "Brazil Note"). The Brazil Note is denominated in Brazilian real and is secured by one of the Company&#8217;s Brazilian properties, as well as a guarantee from the Company. The Brazil Note is being repaid in monthly installments that will mature by </font><font style="font-family:inherit;font-size:10pt;">April 2025</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings under the Brazil Note totaled </font><font style="font-family:inherit;font-size:10pt;">$4.1 million</font><font style="font-family:inherit;font-size:10pt;">, with </font><font style="font-family:inherit;font-size:10pt;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company made </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> additional borrowings and made principal payments of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> associated with the Brazil Note. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company also has working capital loan agreements with third-party financial institutions in Brazil. The principal balance on these loans is due by </font><font style="font-family:inherit;font-size:10pt;">February 2017</font><font style="font-family:inherit;font-size:10pt;"> with interest only payments being made until the due date. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings under the Brazilian third-party loans totaled </font><font style="font-family:inherit;font-size:10pt;">$6.8 million</font><font style="font-family:inherit;font-size:10pt;">. For the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company made </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> additional borrowings. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fair Value of Long-Term Debt</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's outstanding </font><font style="font-family:inherit;font-size:10pt;">5.00%</font><font style="font-family:inherit;font-size:10pt;"> Notes had a fair value of </font><font style="font-family:inherit;font-size:10pt;">$543.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$545.9 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The Company's outstanding </font><font style="font-family:inherit;font-size:10pt;">5.25%</font><font style="font-family:inherit;font-size:10pt;"> Notes had a fair value of </font><font style="font-family:inherit;font-size:10pt;">$296.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$297.8 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The Company's fixed interest rate borrowings included in real estate related and other long-term debt totaled </font><font style="font-family:inherit;font-size:10pt;">$97.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$100.7 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The fair value of such fixed interest rate borrowings was </font><font style="font-family:inherit;font-size:10pt;">$98.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$102.4 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The fair value estimates are based on Level 2 inputs of the fair value hierarchy available as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. The Company determined the estimated fair value of its long-term debt using available market information and commonly accepted valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, these estimates are not necessarily indicative of the amounts that the Company, or holders of the instruments, could realize in a current market exchange. The use of different assumptions and/or estimation methodologies could have a material effect on estimated fair values. The carrying value of the Company&#8217;s variable rate debt approximates fair value due to the short-term nature of the interest rates.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, &#8220;Credit Facilities&#8221;) and certain variable-rate real estate related borrowings in the U.S. are indexed to the one-month London Inter Bank Offered Rate (&#8220;LIBOR&#8221;), plus an associated company credit risk rate. In order to minimize the earnings variability related to fluctuations in these rates, the Company employs an interest rate hedging strategy, whereby it enters into arrangements with various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure for a fixed interest rate over terms not to exceed the related variable-rate debt.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company presents the fair value of all derivatives on its Consolidated Balance Sheets. The Company measures the fair value of its interest rate derivative instruments utilizing an income approach valuation technique, converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes the option-pricing Black-Scholes present value technique for all of its derivative instruments. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service provider, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments and contract maturity. The fair value estimate of the interest rate derivative instruments also considers the credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. The credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year rate according to Standard and Poor&#8217;s. The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from independent sources, which is readily observable or can be corroborated by observable market data for substantially the full term of the derivative instrument. Further, the valuation measurement inputs minimize the use of unobservable inputs. Accordingly, the Company has classified the derivatives within Level&#160;2 of the hierarchy framework as described by Accounting Standards Codification ("ASC") 820, Fair Value Measurement.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The related gains or losses on these interest rate derivatives are deferred in stockholders&#8217; equity as a component of accumulated other comprehensive loss. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in other income or expense. Monthly contractual settlements of these swap positions are recognized as floorplan or other interest expense in the Company&#8217;s accompanying Consolidated Statements of Operations. All of the Company&#8217;s interest rate hedges are designated as cash flow hedges. At </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, all of the Company&#8217;s derivative contracts that were in effect were determined to be effective. The Company had no gains or losses related to ineffectiveness or amounts excluded from effectiveness testing recognized in the Consolidated Statements of Operations for either the three or </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company held interest rate swaps in effect as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> of </font><font style="font-family:inherit;font-size:10pt;">$616.7 million</font><font style="font-family:inherit;font-size:10pt;"> in notional value that fixed its underlying one-month LIBOR at a weighted average rate of </font><font style="font-family:inherit;font-size:10pt;">2.6%</font><font style="font-family:inherit;font-size:10pt;">. The Company records the majority of the impact of the periodic settlemen</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">ts of these swaps as a component of floorplan interest expense. For the three and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">six months ended</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, the impact of the Company&#8217;s interest rate hedges in effect increased floorplan interest expense by </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$2.9 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$5.6 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, respectively. For the three and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">six months ended</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, the impact of the Company's interest rate hedges in effect increased floorplan interest expense by </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$2.8 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;">$5.5 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, respectively. Total floorplan interest expense was </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$11.6 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$10.0 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">three months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">2015</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, respectively, and</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">$22.6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$19.4 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">In addition to the </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$616.7 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> of swaps in effect as of </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, the Company held </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">17</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> additional interest rate swaps with forward start dates between </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">December 2016</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">January 2019</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and expiration dates between </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">December 2019</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">December 2021</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">. The aggregate notional value of these </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">17</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> forward-starting swaps was </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$850.0 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, and the weighted average interest rate was </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">2.3%</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">. The combination of the interest rate swaps currently in effect and these forward-starting swaps is structured such that the notional value in effect through </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">March 2023</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> does not exceed </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">$908.6 million</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">, which is less than the Company's expectation for variable rate debt outstanding during such period.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">As of </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;"> and </font><font style="font-family:inherit;font-size:10pt;color:#2c2c2c;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company reflected liabilities from interest rate risk management activities of </font><font style="font-family:inherit;font-size:10pt;">$51.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$31.2 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, in its Consolidated Balance Sheets. Included in Accumulated Other Comprehensive Loss at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> were accumulated unrealized losses, net of income taxes, totaling </font><font style="font-family:inherit;font-size:10pt;">$32.0 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$18.7 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, related to these interest rate swaps.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The following table presents the impact during the current and comparative prior year periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets</font><font style="font-family:inherit;font-size:9pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:62%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount&#160;of&#160;Unrealized&#160;Loss,&#160;Net&#160;of Tax, Recognized in Other Comprehensive Income (Loss)</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives in Cash Flow Hedging Relationship</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap contracts</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(16,763</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4,709</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount&#160;of&#160;Loss&#160;Reclassified&#160;from&#160;Other Comprehensive Income (Loss)&#160;into Statements of Operations</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(5,623</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(5,470</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,186</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(845</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is </font><font style="font-family:inherit;font-size:10pt;">$13.8 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, &#8220;Credit Facilities&#8221;) and certain variable-rate real estate related borrowings in the U.S. are indexed to the one-month London Inter Bank Offered Rate (&#8220;LIBOR&#8221;), plus an associated company credit risk rate. In order to minimize the earnings variability related to fluctuations in these rates, the Company employs an interest rate hedging strategy, whereby it enters into arrangements with various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure for a fixed interest rate over terms not to exceed the related variable-rate debt.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company presents the fair value of all derivatives on its Consolidated Balance Sheets. The Company measures the fair value of its interest rate derivative instruments utilizing an income approach valuation technique, converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes the option-pricing Black-Scholes present value technique for all of its derivative instruments. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service provider, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments and contract maturity. The fair value estimate of the interest rate derivative instruments also considers the credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. The credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year rate according to Standard and Poor&#8217;s. The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from independent sources, which is readily observable or can be corroborated by observable market data for substantially the full term of the derivative instrument. Further, the valuation measurement inputs minimize the use of unobservable inputs. Accordingly, the Company has classified the derivatives within Level&#160;2 of the hierarchy framework as described by Accounting Standards Codification ("ASC") 820, Fair Value Measurement.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The related gains or losses on these interest rate derivatives are deferred in stockholders&#8217; equity as a component of accumulated other comprehensive loss. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in other income or expense. Monthly contractual settlements of these swap positions are recognized as floorplan or other interest expense in the Company&#8217;s accompanying Consolidated Statements of Operations. All of the Company&#8217;s interest rate hedges are designated as cash flow hedges.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">STOCK-BASED COMPENSATION PLANS</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides stock-based compensation benefits to employees and non-employee directors pursuant to its 2014 Long Term Incentive Plan (the "Incentive Plan"), as well as to employees pursuant to its Employee Stock Purchase Plan, as amended (the "Purchase Plan", formerly named the 1998 Employee Stock Purchase Plan).</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Long Term Incentive Plan</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Incentive Plan provides for the grant of&#160;options (including options qualified as incentive stock options under the Internal Revenue Code of 1986 and options that are non-qualified),&#160;restricted stock, performance awards, bonus stock, and phantom stock to the Company's employees, consultants, non-employee directors and officers. The Incentive Plan expires on </font><font style="font-family:inherit;font-size:10pt;">May&#160;21, 2024</font><font style="font-family:inherit;font-size:10pt;">. The terms of the awards (including vesting schedules) are established by the Compensation Committee of the Company&#8217;s Board of Directors. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">1,241,041</font><font style="font-family:inherit;font-size:10pt;">&#160;shares available for issuance under the Incentive Plan.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Restricted Stock Awards</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the Incentive Plan, the Company grants to non-employee directors and certain employees restricted stock awards or, at their election, restricted stock units at no cost to the recipient. Restricted stock awards qualify as participating securities as each award contains non-forfeitable rights to dividends. As such, the two-class method is required for the computation of earnings per share. See Note 5, &#8220;Earnings Per Share,&#8221; for further details. Restricted stock awards are considered outstanding at the date of grant but are subject to vesting periods upon issuance up to </font><font style="font-family:inherit;font-size:10pt;">five years</font><font style="font-family:inherit;font-size:10pt;">. Restricted stock units are considered vested at the time of issuance, however, since they cannot vote, they are not considered outstanding when issued. Restricted stock units settle in cash upon the termination of the grantees&#8217; employment or directorship. In the event an employee or non-employee director terminates his or her employment or directorship with the Company prior to the lapse of the restrictions, the shares, in most cases, will be forfeited to the Company. The Company issues new shares or treasury shares, if available, when restricted stock vests. Compensation expense for restricted stock awards is calculated based on the market price of the Company&#8217;s common stock at the date of grant and recognized over the requisite service period. Forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period. This estimate is adjusted annually based on the extent to which actual or expected forfeitures differ from the previous estimate.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the restricted stock awards as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, along with the changes during the </font><font style="font-family:inherit;font-size:10pt;">six months</font><font style="font-family:inherit;font-size:10pt;"> then ended, is as follows:</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Awards</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted&#160;Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nonvested at December 31, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">893,360</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">224,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.82</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(215,980</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,360</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.66</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nonvested at June 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">889,540</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Employee Stock Purchase Plan</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Purchase Plan authorizes the issuance of up to </font><font style="font-family:inherit;font-size:10pt;">4.5 million</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock and provides that no options to purchase shares may be granted under the Purchase Plan after </font><font style="font-family:inherit;font-size:10pt;">May 19, 2025</font><font style="font-family:inherit;font-size:10pt;">. The Purchase Plan is available to all employees of the Company and its participating subsidiaries and is a qualified plan as defined by Section&#160;423 of the Internal Revenue Code. At the end of each fiscal quarter (the &#8220;Option Period&#8221;) during the term of the Purchase Plan, employees can acquire shares of common stock from the Company at </font><font style="font-family:inherit;font-size:10pt;">85%</font><font style="font-family:inherit;font-size:10pt;"> of the fair market value of the common stock on the first or the last day of the Option Period, whichever is lower. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">1,329,013</font><font style="font-family:inherit;font-size:10pt;">&#160;shares available for issuance under the Purchase Plan. During the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company issued </font><font style="font-family:inherit;font-size:10pt;">44,806</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">51,748</font><font style="font-family:inherit;font-size:10pt;"> shares, respectively, of common stock to employees participating in the Purchase Plan. With respect to shares issued under the Purchase Plan, the Company's Board of Directors has authorized specific share repurchases to fund the shares issuable under the Purchase Plan. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The weighted average fair value of employee stock purchase rights issued pursuant to the Purchase Plan was </font><font style="font-family:inherit;font-size:10pt;">$14.11</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$18.12</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The fair value of stock purchase rights is calculated using the grant date stock price,&#160;the value of the embedded call option and&#160;the value of the embedded put option.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Stock-Based Compensation</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total stock-based compensation cost was </font><font style="font-family:inherit;font-size:10pt;">$4.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$4.6 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$10.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$9.5 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. Cash received from Purchase Plan purchases was </font><font style="font-family:inherit;font-size:10pt;">$3.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.8 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The effect of tax deductions for restricted stock vested was less than the associated book expense previously recognized, which reduced additional paid-in capital by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. Comparatively, the tax benefit realized for the tax deductions from vesting of restricted shares totaled </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;"> and increased additional paid in capital for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EARNINGS PER SHARE</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The two-class method is utilized for the computation of the Company's earnings per share (&#8220;EPS&#8221;). The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, including the Company&#8217;s restricted stock awards. Income allocated to these participating securities is excluded from net earnings available to common shares, as shown in the table below. Basic EPS is computed by dividing net income available to basic common shares by the weighted average number of basic common shares outstanding during the period. Diluted EPS is computed by dividing net income available to diluted common shares by the weighted average number of dilutive common shares outstanding during the period.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the calculation of EPS for the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:44%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average basic common shares outstanding</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,057</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,377</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average dilutive common shares outstanding</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,070</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,315</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,762</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,380</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Earnings allocated to participating securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,885</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,224</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,176</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Earnings available to basic common shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,695</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,518</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,647</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,948</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Basic earnings per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.12</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.91</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.57</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.38</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Diluted:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Earnings allocated to participating securities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,884</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Earnings available to diluted common shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,696</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,518</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,648</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,948</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Diluted earnings per common share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.91</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FAIR VALUE MEASUREMENTS</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASC 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date; and establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date:</font></div><div style="line-height:120%;padding-left:60px;padding-bottom:8px;"><font style="padding-bottom:8px;font-family:inherit;font-size:10pt;padding-right:12px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level&#160;1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; unadjusted, quoted prices for identical assets or liabilities in active markets;</font></div><div style="line-height:120%;padding-left:60px;padding-bottom:8px;"><font style="padding-bottom:8px;font-family:inherit;font-size:10pt;padding-right:12px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level&#160;2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation;&#160;and</font></div><div style="line-height:120%;padding-left:60px;padding-bottom:8px;"><font style="padding-bottom:8px;font-family:inherit;font-size:10pt;padding-right:12px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level&#160;3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; unobservable inputs based upon the reporting entity&#8217;s internally developed assumptions that market participants would use in pricing the asset or liability.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, investments in debt and equity securities, accounts payable, credit facilities, long-term debt and interest rate swaps. The fair values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence of variable interest rates. The Company evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC&#160;820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company periodically invests in unsecured, corporate demand obligations with manufacturer-affiliated finance companies, which bear interest at a variable rate and are redeemable on demand by the Company. Therefore, the Company has classified these demand obligations as cash and cash equivalents in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's derivative financial instruments are recorded at fair market value. See Note 3, "Derivative Instruments and Risk Management Activities" for further details regarding the Company's derivative financial instruments. See Note 9, "Long-term Debt" for details regarding the fair value of the Company's long-term debt.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets and liabilities recorded at fair value in the accompanying balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, were as follows:</font><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">As of June 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,765</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,765</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Demand obligations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,897</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,897</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate derivative financial instruments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Demand obligations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">131</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">131</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate derivative financial instruments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,397</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,397</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate derivative financial instruments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASC 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date; and establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date:</font></div><div style="line-height:120%;padding-left:60px;padding-bottom:8px;"><font style="padding-bottom:8px;font-family:inherit;font-size:10pt;padding-right:12px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level&#160;1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; unadjusted, quoted prices for identical assets or liabilities in active markets;</font></div><div style="line-height:120%;padding-left:60px;padding-bottom:8px;"><font style="padding-bottom:8px;font-family:inherit;font-size:10pt;padding-right:12px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level&#160;2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation;&#160;and</font></div><div style="line-height:120%;padding-left:60px;padding-bottom:8px;"><font style="padding-bottom:8px;font-family:inherit;font-size:10pt;padding-right:12px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level&#160;3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; unobservable inputs based upon the reporting entity&#8217;s internally developed assumptions that market participants would use in pricing the asset or liability.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, investments in debt and equity securities, accounts payable, credit facilities, long-term debt and interest rate swaps. The fair values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence of variable interest rates. The Company evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC&#160;820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company periodically invests in unsecured, corporate demand obligations with manufacturer-affiliated finance companies, which bear interest at a variable rate and are redeemable on demand by the Company. Therefore, the Company has classified these demand obligations as cash and cash equivalents in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's derivative financial instruments are recorded at fair market value.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INCOME TAXES</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is subject to U.S.&#160;federal income taxes and income taxes in numerous U.S. states. In addition, the Company is subject to income tax in the U.K. and Brazil relative to its foreign subsidiaries. The Company's effective income tax rate of </font><font style="font-family:inherit;font-size:10pt;">32.6%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">34.3%</font><font style="font-family:inherit;font-size:10pt;"> of pretax income for the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, respectively, was less than the U.S. federal statutory rate of </font><font style="font-family:inherit;font-size:10pt;">35.0%</font><font style="font-family:inherit;font-size:10pt;"> due primarily to the mix of pretax income between our U.S and foreign jurisdictions in which the Company operates and the tax impact of a dealership disposition in Brazil, partially offset by taxes provided for in U.S. state jurisdictions and valuation allowances provided for net operating losses and other deferred tax assets in certain U.S states and in Brazil. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company's effective tax rate decreased to </font><font style="font-family:inherit;font-size:10pt;">32.6%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">34.3%</font><font style="font-family:inherit;font-size:10pt;">, respectively, as compared to </font><font style="font-family:inherit;font-size:10pt;">37.2%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">37.4%</font><font style="font-family:inherit;font-size:10pt;"> for the same periods in </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">. This decrease was primarily due to the mix effect resulting from proportionately more pretax income generated in the Company's U.K. region, as well as changes to valuation allowances provided for net operating losses and other deferred tax assets in certain U.S. states and in Brazil, in addition to the tax impact of a dealership disposition in Brazil during the period ended June 30, 2016.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> unrecognized tax benefits with respect to uncertain tax positions and did not incur any interest and penalties nor did it accrue any interest for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxable years </font><font style="font-family:inherit;font-size:10pt;">2011</font><font style="font-family:inherit;font-size:10pt;"> and subsequent remain open for examination by the Company&#8217;s major taxing jurisdictions.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INTANGIBLE FRANCHISE RIGHTS AND GOODWILL</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a roll-forward of the Company&#8217;s intangible franchise rights and goodwill accounts by reportable segment: </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Intangible Franchise Rights</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, December 31, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">285,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,773</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,156</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307,588</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions through acquisitions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,087</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,087</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currency translation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,903</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,299</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, June 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">285,659</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,957</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,358</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">322,974</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, December 31, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">809,775</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,320</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,820</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">854,915</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions through acquisitions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,755</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,018</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,773</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase price allocation adjustments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,077</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,116</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disposals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,035</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(191</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,226</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currency translation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,902</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,305</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,597</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, June 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">807,779</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61,250</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,952</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">881,981</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1) </sup></font><font style="font-family:inherit;font-size:8pt;">Net of accumulated impairment of </font><font style="font-family:inherit;font-size:8pt;">$97.8 million</font><font style="font-family:inherit;font-size:9pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes</font><font style="font-family:inherit;font-size:10pt;">. This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December&#160;15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of&#160;</font><font style="font-family:inherit;font-size:10pt;">$14.1 million</font><font style="font-family:inherit;font-size:10pt;">, which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU were to be applied retrospectively and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of&#160;</font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.6 million</font><font style="font-family:inherit;font-size:10pt;">, which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU were to be applied prospectively to adjustments to provisional amounts that occur after the effective date and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;"> that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> In July 2015, the FASB issued ASU 2015-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Inventory (Topic 330) Simplifying the Measurement of Inventory.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU&#160;2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842). </font><font style="font-family:inherit;font-size:10pt;">The amendments in this ASU relate to&#160;the accounting of&#160;leasing transactions.&#160;This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months.&#160;In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions.&#160;This standard&#160;will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.&#160;The Company is evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated&#160;financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. </font><font style="font-family:inherit;font-size:10pt;">The amendment addresses&#160;several aspects of the accounting for share-based payment award transactions, including:&#160;income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows.&#160;This standard&#160;will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted.&#160;The Company is currently evaluating the impact that the adoption of&#160;the provisions of the ASU will have on its consolidated&#160;financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">. The amendment replaces the current incurred loss impairment methodology of recognizing credit losses when a loss is probable, with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to assess credit loss estimates. The standard will be effective for fiscal years beginning after December 15, 2019, with early adoption permitted for periods after December 15, 2018. The Company is currently evaluating the impact that the adoption of&#160;the provisions of the ASU will have on its consolidated&#160;financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INTERIM FINANCIAL INFORMATION</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Business and Organization</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Group 1 Automotive, Inc., a Delaware corporation, is a leading operator in the automotive retailing industry with business activities in </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;"> states in the United States of America ("U.S."), </font><font style="font-family:inherit;font-size:10pt;">19</font><font style="font-family:inherit;font-size:10pt;"> towns in the United Kingdom ("U.K.") and </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> states in Brazil. Group 1 Automotive, Inc. and its subsidiaries are collectively referred to as the "Company" in these Notes to Consolidated Financial Statements. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, through its regions, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s U.S. retail network consisted of the following </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> regions (with the number of dealerships they comprised): (a)&#160;the East (</font><font style="font-family:inherit;font-size:10pt;">37</font><font style="font-family:inherit;font-size:10pt;"> dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, and South Carolina), and (b)&#160;the West (</font><font style="font-family:inherit;font-size:10pt;">77</font><font style="font-family:inherit;font-size:10pt;">&#160;dealerships in California, Kansas, Louisiana, Oklahoma, and Texas). The U.S. regional vice presidents report directly to the Company's Chief Executive Officer and are responsible for the overall performance of their regions, as well as for overseeing the market directors and dealership general managers that report to them. In addition, as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> international regions: (a) the U.K. region, which consisted of </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;"> dealerships in the U.K. and (b) the Brazil region, which consisted of </font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;"> dealerships in Brazil. The operations of the Company's international regions are structured similarly to the U.S. regions, each with a regional vice president reporting directly to the Company's Chief Executive Officer. </font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's operating results are generally subject to seasonal variations, as well as changes in the economic environment. This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some markets within the U.S., vehicle purchases decline during the winter months due to inclement weather. As a result, U.S. revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. For the U.K., the first and third calendar quarters tend to be stronger, driven by plate change months of March and September. For Brazil, the Company expects higher volumes in the third and fourth calendar quarters. The first quarter is generally the weakest, driven by heavy consumer vacations and activities associated with Carnival. Other factors unrelated to seasonality, such as changes in economic condition, manufacturer incentive programs, or shifts in governmental taxes or regulations may exaggerate seasonal or cause counter-seasonal fluctuations in the Company's revenues and operating income.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP")&#160;for interim financial information and with the instructions to Form&#160;10-Q and Article&#160;10 of Regulation&#160;S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP&#160;for complete financial statements. In the opinion of management, all adjustments of a normal and recurring nature considered necessary for a fair presentation have been included in the accompanying unaudited condensed Consolidated Financial Statements. Due to seasonality and other factors, the results of operations for the interim period are not necessarily indicative of the results that will be realized for any other interim period or for the entire fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company&#8217;s Annual Report on Form&#160;10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;</font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Form&#160;10-K&#8221;).</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All business acquisitions completed during the periods presented have been accounted for using the purchase method of accounting, and their results of operations are included from the effective dates of the closings of the acquisitions. The allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on estimates of fair value and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). All intercompany balances and transactions have been eliminated in consolidation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Business Segment Information</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, through its regions, conducts business in the automotive retailing industry including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments 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. See Note 14, "Segment Information," for additional details regarding the Company's reportable segments.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Variable Interest Entity</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services for a variable fee, both of which constitute variable interests in the entity. The Company's exposure to loss as a result of its involvement in the entity includes the balance outstanding under the loan arrangement. The Company holds an </font><font style="font-family:inherit;font-size:10pt;">8%</font><font style="font-family:inherit;font-size:10pt;"> equity ownership interest in the entity. The Company has determined that the entity meets the criteria of a variable interest entity ("VIE"). The terms of the loan and services agreements provide the Company with the right to control the activities of the VIE that most significantly impact the VIE's economic performance, the obligation to absorb potentially significant losses of the VIE and the right to receive potentially significant benefits from the VIE. Accordingly, the Company qualified as the VIE's primary beneficiary and consolidated the assets and liabilities of the VIE as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">. The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, are as follows (in thousands): </font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:61%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,849</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current assets </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,489</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,022</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,210</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,783</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,718</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,321</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes</font><font style="font-family:inherit;font-size:10pt;">. This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December&#160;15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of&#160;</font><font style="font-family:inherit;font-size:10pt;">$14.1 million</font><font style="font-family:inherit;font-size:10pt;">, which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU were to be applied retrospectively and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of&#160;</font><font style="font-family:inherit;font-size:10pt;">$0.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3.6 million</font><font style="font-family:inherit;font-size:10pt;">, which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU were to be applied prospectively to adjustments to provisional amounts that occur after the effective date and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;"> that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> In July 2015, the FASB issued ASU 2015-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Inventory (Topic 330) Simplifying the Measurement of Inventory.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU&#160;2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842). </font><font style="font-family:inherit;font-size:10pt;">The amendments in this ASU relate to&#160;the accounting of&#160;leasing transactions.&#160;This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months.&#160;In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions.&#160;This standard&#160;will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.&#160;The Company is evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated&#160;financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. </font><font style="font-family:inherit;font-size:10pt;">The amendment addresses&#160;several aspects of the accounting for share-based payment award transactions, including:&#160;income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows.&#160;This standard&#160;will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted.&#160;The Company is currently evaluating the impact that the adoption of&#160;the provisions of the ASU will have on its consolidated&#160;financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">. The amendment replaces the current incurred loss impairment methodology of recognizing credit losses when a loss is probable, with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to assess credit loss estimates. The standard will be effective for fiscal years beginning after December 15, 2019, with early adoption permitted for periods after December 15, 2018. The Company is currently evaluating the impact that the adoption of&#160;the provisions of the ASU will have on its consolidated&#160;financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment consisted of the following:</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="11" rowspan="1"></td></tr><tr><td style="width:42%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Useful Lives in Years</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(dollars in thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378,715</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">364,475</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30&#160;to&#160;50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">525,097</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">505,414</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasehold improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">varies</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">160,866</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">155,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Machinery and equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7 to 20</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96,562</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,993</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furniture and fixtures</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 to 10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,882</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company vehicles</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 to 5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,603</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction in progress</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,906</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,361</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,332,817</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,269,119</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,585</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235,138</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,081,232</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,033,981</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts and notes receivable consisted of the following:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts due from manufacturers</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,206</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parts and service receivables</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,651</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Finance and insurance receivables</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,381</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,039</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total accounts and notes receivable</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154,196</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">160,972</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less allowance for doubtful accounts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,541</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,204</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts and notes receivable, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">151,655</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">157,768</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in the balances of each component of accumulated other comprehensive loss for the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six Months Ended June 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated foreign currency translation loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated loss on interest rate swaps</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, December&#160;31, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(118,532</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(19,452</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(137,984</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other comprehensive loss before reclassifications:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pre-tax</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(26,821</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(30,734</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,058</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,058</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Amounts reclassified from accumulated other comprehensive loss to:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,623</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,623</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,553</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net current period other comprehensive loss</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(122,445</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(31,959</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(154,404</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td style="width:49%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Six Months Ended June 30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated foreign currency translation loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated loss on interest rate swaps</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, December&#160;31, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(64,075</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,909</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(81,984</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other comprehensive loss before reclassifications:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pre-tax</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,595</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,534</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(28,129</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,825</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,825</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Amounts reclassified from accumulated other comprehensive loss to:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,470</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,470</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,368</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,368</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net current period other comprehensive loss</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,595</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(762</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(21,357</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(84,670</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(18,671</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(103,341</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEET</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:43%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT ASSETS:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,495</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,470</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,965</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Contracts-in-transit and vehicle receivables, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">173,024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">39,280</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">212,304</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts and notes receivable, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">116,770</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,885</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">151,655</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Inventories, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,532,707</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">251,407</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,784,114</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prepaid expenses and other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">684</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,643</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,592</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,919</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">684</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,841,025</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">364,634</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,386</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,201,957</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">PROPERTY AND EQUIPMENT, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">938,378</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">142,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,081,232</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">GOODWILL</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">807,781</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">74,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">881,981</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INTANGIBLE FRANCHISE RIGHTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">285,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">37,315</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">322,974</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INVESTMENT IN SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,584,017</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,584,017</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">OTHER ASSETS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,126</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,530</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,656</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,584,701</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,880,969</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">623,533</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,588,403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,500,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT LIABILITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; credit facility and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,233,518</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,702</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,239,220</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(35,461</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(35,461</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">302,504</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">94,791</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">397,295</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(27,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(27,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current maturities of long-term debt and short-term financing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">28,246</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">14,747</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">42,993</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">158,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">154,719</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">313,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">718,412</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,386</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(722,798</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">156,948</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,160</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">182,108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">718,412</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,816,755</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">299,505</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(722,798</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,111,874</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LONG-TERM DEBT, net of current maturities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">845,010</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">340,094</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">65,836</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,250,940</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,438</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,438</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">DEFERRED INCOME TAXES AND OTHER LIABILITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(678</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">212,649</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,025</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">220,996</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">STOCKHOLDERS&#8217; EQUITY:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Group 1 stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,021,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,180,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">249,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,584,017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">867,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany note receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(718,412</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">718,412</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,021,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,462,033</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">249,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,865,605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">867,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities and stockholders&#8217; equity</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,584,701</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,880,969</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">623,533</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,588,403</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,500,800</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEET</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:43%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASSETS</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT ASSETS:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,338</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,699</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,037</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Contracts-in-transit and vehicle receivables, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">233,275</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">252,438</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts and notes receivable, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">132,078</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,690</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">157,768</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Inventories, net</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,533,166</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">204,585</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,737,751</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prepaid expenses and other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,312</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,946</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,118</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">27,376</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,312</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,914,995</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">269,255</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,192</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,188,370</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">PROPERTY AND EQUIPMENT, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">916,338</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">117,643</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,033,981</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">GOODWILL</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">809,775</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,140</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">854,915</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INTANGIBLE FRANCHISE RIGHTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">285,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">21,929</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">307,588</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">INVESTMENT IN SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,388,081</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,388,081</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">OTHER ASSETS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,950</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,912</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,862</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,393,393</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,932,717</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">459,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,389,273</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,396,716</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CURRENT LIABILITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; credit facility and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,261,606</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,113</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,265,719</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(110,759</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(110,759</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Floorplan notes payable &#8212; manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">303,810</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">85,261</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">389,071</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Offset account related to floorplan notes payable - manufacturer affiliates</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current maturities of long-term debt and short-term financing</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">47,015</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,976</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">54,991</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">178,544</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">101,879</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">280,423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,333</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,192</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(504,525</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accrued expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">167,509</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,814</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">185,323</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total current liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,333</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,822,225</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">218,235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(504,525</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,039,268</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LONG-TERM DEBT, net of current maturities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">834,090</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">300,788</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64,656</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,199,534</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,153</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">31,153</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">DEFERRED INCOME TAXES AND OTHER LIABILITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(265</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">203,824</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,950</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">208,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">STOCKHOLDERS&#8217; EQUITY:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Group 1 stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,056,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,078,060</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,038</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,388,081</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">918,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Intercompany note receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(503,333</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">503,333</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total stockholders&#8217; equity</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,056,235</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,574,727</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,038</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,884,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">918,252</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities and stockholders&#8217; equity</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,393,393</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,932,717</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">459,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,389,273</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,396,716</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM OPERATING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by operating activities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">88,538</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,457</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,867</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM INVESTING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash paid in acquisitions, net of cash received</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(54,739</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(54,739</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from disposition of franchises, property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,728</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,985</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchases of property and equipment, including real estate</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(59,894</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,378</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(70,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">149</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,156</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash used in investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(44,159</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(63,711</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(107,870</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM FINANCING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - floorplan line and other </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,373,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,373,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayments on credit facility - floorplan line and other</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,325,917</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,325,917</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">150,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">150,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayment on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(140,020</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(140,020</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,653</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,653</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(461</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(21,787</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(22,248</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on debt related to real estate, net of debt issue costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">30,754</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on debt related to real estate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,611</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,604</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,215</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Employee stock purchase plan purchases, net of employee tax withholdings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repurchases of common stock, amounts based on settlement date</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(115,246</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(115,246</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect from stock-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,124</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,124</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(2,736</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,159</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings (repayments) with subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">233,120</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(236,314</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,194</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Investment in subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(195,937</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">123,624</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">72,313</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Distributions to parent</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by (used in) financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(80,872</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(45,222</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70,769</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(55,325</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EFFECT OF EXCHANGE RATE CHANGES ON CASH</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,256</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,256</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(843</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12,771</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11,928</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, beginning of period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,338</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,699</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,037</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,495</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,470</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,965</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM OPERATING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by (used in) operating activities</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,018</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,469</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,575</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM INVESTING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash paid in acquisitions, net of cash received</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(130,783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(130,783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from disposition of franchises, property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,845</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">494</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,339</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchases of property and equipment, including real estate</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(39,305</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,181</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(48,486</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,294</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,294</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash used in investing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(156,949</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(8,687</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(165,636</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH FLOWS FROM FINANCING ACTIVITIES:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - floorplan line and other </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,550,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,550,526</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayments on credit facility - floorplan line and other</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,466,772</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,466,772</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">346,050</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">346,050</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repayment on credit facility - acquisition line</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(324,222</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(324,222</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">138</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,606</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on other debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(989</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,953</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(26,942</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings on debt related to real estate, net of debt issue costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Principal payments on debt related to real estate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(12,846</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,513</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(14,359</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Employee stock purchase plan purchases, net of employee tax withholdings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Repurchases of common stock, amounts based on settlement date</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(33,121</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(33,121</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Tax effect from stock-based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,439</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,439</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dividends paid</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,737</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,737</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Borrowings (repayments) with subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,027</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(54,206</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,821</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Investment in subsidiaries</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(140,008</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">124,918</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,090</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Distributions to parent</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net cash provided by (used in) financing activities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">142,208</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,839</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">69,923</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">EFFECT OF EXCHANGE RATE CHANGES ON CASH</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,612</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,612</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(20,759</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,009</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,750</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, beginning of period</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25,379</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">15,596</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">40,975</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">CASH AND CASH EQUIVALENTS, end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,620</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,605</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">24,225</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,207,383</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">575,066</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,782,449</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,862,787</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">509,543</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,372,330</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">344,596</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,523</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">410,119</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">243,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55,105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">299,022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,642</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,071</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,713</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,024</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,024</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(605</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,618</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,347</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">97,360</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,402</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,191</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,593</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,072</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(633</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,705</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(605</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,144</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,523</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,062</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">227</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23,081</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">372</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,958</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,958</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,063</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,895</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,958</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE LOSS, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,480</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,068</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,548</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,583</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">827</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,958</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,032</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2016</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,289,016</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,101,788</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,390,804</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,611,709</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">979,874</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,591,583</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">677,307</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,914</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">799,221</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,808</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">486,327</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">592,687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,238</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,939</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,177</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,533</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">423</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,956</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,808</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">168,209</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">179,401</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,450</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,153</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,603</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,510</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33,634</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,808</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">115,635</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,337</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">123,164</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">677</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42,362</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(608</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(42,293</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,002</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,002</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,273</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,729</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,002</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE LOSS, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,420</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,766</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,816</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,002</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">64,451</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,287,447</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">439,033</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,726,480</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,945,263</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">389,644</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,334,907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">342,184</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,389</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">391,573</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">848</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,716</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,004</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">280,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,357</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,589</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,946</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(848</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,613</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,255</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,020</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,959</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,056</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,015</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,073</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,760</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,228</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(243</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71,581</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,439</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73,777</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26,382</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,177</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(27,467</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,461</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,461</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45,199</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,262</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,461</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE INCOME, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,784</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,999</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,783</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48,983</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,261</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,461</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,093</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30, 2015</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="20" rowspan="1"></td></tr><tr><td style="width:41%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Group 1 Automotive, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-Guarantor Subsidiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Elimination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total Company</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">REVENUES:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,285,947</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">873,387</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,334</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COST OF SALES:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,629,275</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">774,602</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,403,877</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GROSS PROFIT</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">656,672</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,785</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">755,457</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,079</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">465,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,770</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">552,037</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DEPRECIATION AND AMORTIZATION EXPENSE</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,475</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,155</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,630</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASSET IMPAIRMENTS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">541</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME FROM OPERATIONS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,079</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">170,511</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,319</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">178,751</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER EXPENSE:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17,477</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,885</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19,362</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,197</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,796</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,540</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(882</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127,238</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,894</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">131,250</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BENEFIT (PROVISION) FOR INCOME TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(46,985</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,472</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(49,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EQUITY IN EARNINGS OF SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NET INCOME (LOSS)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,253</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,422</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,675</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OTHER COMPREHENSIVE LOSS, NET OF TAXES</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(762</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,595</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21,357</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,491</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(18,173</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(82,675</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,767</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following:</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90243902439025%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(dollars in thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">5.00% Senior Notes (aggregate principal of $550,000 at June 30, 2016 and December 31, 2015)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">539,690</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">538,933</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">5.25% Senior Notes (aggregate principal of $300,000 at June 30, 2016 and December 31, 2015)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">295,320</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">295,156</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Acquisition Line</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Real Estate Related and Other Long-Term Debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">389,593</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">365,564</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,727</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,902</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,330</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,251,555</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;">Less current maturities of other long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,390</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,021</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,250,940</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,199,534</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The following table presents the impact during the current and comparative prior year periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets</font><font style="font-family:inherit;font-size:9pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:62%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount&#160;of&#160;Unrealized&#160;Loss,&#160;Net&#160;of Tax, Recognized in Other Comprehensive Income (Loss)</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivatives in Cash Flow Hedging Relationship</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap contracts</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(16,763</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(4,709</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount&#160;of&#160;Loss&#160;Reclassified&#160;from&#160;Other Comprehensive Income (Loss)&#160;into Statements of Operations</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floorplan interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(5,623</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(5,470</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,186</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(845</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is </font><font style="font-family:inherit;font-size:10pt;">$13.8 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the calculation of EPS for the three and </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:44%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands, except per share amounts)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average basic common shares outstanding</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,057</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,753</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,377</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average dilutive common shares outstanding</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,070</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,315</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,762</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,380</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Earnings allocated to participating securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,885</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,224</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,176</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Earnings available to basic common shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,695</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,518</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,647</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,948</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Basic earnings per common share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.12</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.91</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.57</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.38</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Diluted:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,580</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,310</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,124</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Earnings allocated to participating securities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,884</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Earnings available to diluted common shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,696</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,518</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,648</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,948</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Diluted earnings per common share</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.91</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets and liabilities recorded at fair value in the accompanying balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, were as follows:</font><font style="font-family:inherit;font-size:9pt;"> </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">As of June 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,765</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,765</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Demand obligations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,897</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,897</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate derivative financial instruments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,134</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,235</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Demand obligations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">131</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">131</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate derivative financial instruments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,397</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,397</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate derivative financial instruments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,153</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a roll-forward of the Company&#8217;s intangible franchise rights and goodwill accounts by reportable segment: </font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Intangible Franchise Rights</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, December 31, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">285,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,773</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,156</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307,588</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions through acquisitions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,087</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,087</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currency translation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,903</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,299</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, June 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">285,659</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,957</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,358</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">322,974</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:46%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Goodwill</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, December 31, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">809,775</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,320</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,820</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">854,915</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions through acquisitions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,755</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,018</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,773</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase price allocation adjustments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,077</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,116</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Disposals</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,035</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(191</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,226</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currency translation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,902</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,305</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,597</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BALANCE, June 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">807,779</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61,250</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,952</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">881,981</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1) </sup></font><font style="font-family:inherit;font-size:8pt;">Net of accumulated impairment of </font><font style="font-family:inherit;font-size:8pt;">$97.8 million</font><font style="font-family:inherit;font-size:9pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories consisted of the following:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New vehicles</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,258,485</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,262,797</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Used vehicles</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,070</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">275,508</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental vehicles</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">142,626</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parts, accessories and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,917</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total inventories</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,792,145</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,745,731</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less lower of cost or market reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,031</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,980</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,784,114</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,737,751</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90412272291466%;border-collapse:collapse;text-align:left;"><tr><td colspan="33" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,207,381</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">467,792</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,276</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,782,449</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,289,014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">899,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">202,102</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,390,804</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">61,784</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(651</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">69,062</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">111,989</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,449</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,274</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">123,164</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Provision) benefit for income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(22,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,586</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,958</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(22,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(41,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,756</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,148</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(42,293</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net income (loss) </font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">38,930</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,343</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,307</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">46,580</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">70,304</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,693</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(126</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">80,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="33" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,287,446</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">308,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">130,867</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,726,480</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,285,946</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">607,708</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">265,680</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,159,334</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">69,431</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,831</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(485</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">73,777</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">122,589</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,290</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">131,250</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Provision for income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(26,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,010</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(27,467</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(46,651</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,009</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(466</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(49,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net income (loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">43,143</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,821</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(654</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">46,310</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">75,938</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,942</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,756</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">82,124</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font><font style="font-family:inherit;font-size:8pt;"> Includes the following, after tax: loss due to catastrophic events of </font><font style="font-family:inherit;font-size:8pt;">$1.7 million</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$3.4 million</font><font style="font-family:inherit;font-size:8pt;"> for the three and six months ended </font><font style="font-family:inherit;font-size:8pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:8pt;">, respectively, in the U.S. segment; and foreign deferred income tax benefit of </font><font style="font-family:inherit;font-size:8pt;">$1.7 million</font><font style="font-family:inherit;font-size:8pt;"> for the three and six months ended </font><font style="font-family:inherit;font-size:8pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:8pt;"> in the Brazil segment. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reportable segment total assets as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and December 31, </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.90412272291466%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:57%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">As of June 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,874,447</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">485,596</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">140,757</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,500,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.90412272291466%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:57%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">As of December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,923,001</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">358,476</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,396,716</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the restricted stock awards as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, along with the changes during the </font><font style="font-family:inherit;font-size:10pt;">six months</font><font style="font-family:inherit;font-size:10pt;"> then ended, is as follows:</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Awards</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted&#160;Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nonvested at December 31, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">893,360</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.16</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">224,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.82</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(215,980</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.59</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,360</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.66</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nonvested at June 30, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">889,540</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, are as follows (in thousands): </font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:61%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,849</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current assets </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,489</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,022</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,210</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,871</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,783</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,718</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,321</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SEGMENT INFORMATION</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.90412272291466%;border-collapse:collapse;text-align:left;"><tr><td colspan="33" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,207,381</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">467,792</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,276</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,782,449</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,289,014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">899,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">202,102</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,390,804</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">61,784</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(651</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">69,062</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">111,989</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,449</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,274</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">123,164</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Provision) benefit for income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(22,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,586</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,958</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(22,482</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(41,685</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,756</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,148</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(42,293</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net income (loss) </font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">38,930</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,343</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,307</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">46,580</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">70,304</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,693</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(126</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">80,871</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="33" rowspan="1"></td></tr><tr><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Six Months Ended June 30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Brazil </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,287,446</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">308,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">130,867</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,726,480</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,285,946</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">607,708</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">265,680</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,159,334</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Income (loss) before income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">69,431</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,831</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(485</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">73,777</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">122,589</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,290</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">131,250</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Provision for income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(26,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,010</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(27,467</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(46,651</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(2,009</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(466</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(49,126</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net income (loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">43,143</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,821</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(654</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">46,310</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">75,938</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7,942</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(1,756</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">82,124</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font><font style="font-family:inherit;font-size:8pt;"> Includes the following, after tax: loss due to catastrophic events of </font><font style="font-family:inherit;font-size:8pt;">$1.7 million</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$3.4 million</font><font style="font-family:inherit;font-size:8pt;"> for the three and six months ended </font><font style="font-family:inherit;font-size:8pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:8pt;">, respectively, in the U.S. segment; and foreign deferred income tax benefit of </font><font style="font-family:inherit;font-size:8pt;">$1.7 million</font><font style="font-family:inherit;font-size:8pt;"> for the three and six months ended </font><font style="font-family:inherit;font-size:8pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:8pt;"> in the Brazil segment. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reportable segment total assets as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and December 31, </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.90412272291466%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:57%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">As of June 30, 2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,874,447</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">485,596</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">140,757</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,500,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.90412272291466%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:57%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">As of December 31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.S.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">U.K.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Brazil</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,923,001</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">358,476</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">115,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,396,716</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Business Segment Information</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company, through its regions, conducts business in the automotive retailing industry including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments 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.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUBSEQUENT EVENTS</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsequent to </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company repurchased </font><font style="font-family:inherit;font-size:10pt;">244,205</font><font style="font-family:inherit;font-size:10pt;"> of its common shares for </font><font style="font-family:inherit;font-size:10pt;">$12.4 million</font><font style="font-family:inherit;font-size:10pt;"> under its current share repurchase program.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts and notes receivable consisted of the following:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts due from manufacturers</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">87,125</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,206</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parts and service receivables</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,651</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Finance and insurance receivables</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,381</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,039</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,913</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total accounts and notes receivable</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154,196</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">160,972</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less allowance for doubtful accounts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,541</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,204</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts and notes receivable, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">151,655</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">157,768</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories consisted of the following:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:60%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New vehicles</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,258,485</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,262,797</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Used vehicles</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316,070</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">275,508</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rental vehicles</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">142,626</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">134,509</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parts, accessories and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,917</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total inventories</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,792,145</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,745,731</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less lower of cost or market reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,031</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,980</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories, net</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,784,114</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,737,751</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New and used vehicles are valued at the lower of specific cost or market and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost (determined on either a first-in, first-out or an average cost basis) or market.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment consisted of the following:</font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="11" rowspan="1"></td></tr><tr><td style="width:42%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Useful Lives in Years</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(dollars in thousands)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">378,715</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">364,475</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30&#160;to&#160;50</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">525,097</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">505,414</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasehold improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">varies</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">160,866</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">155,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Machinery and equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7 to 20</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96,562</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,993</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furniture and fixtures</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 to 10</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,882</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">82,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company vehicles</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 to 5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,789</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,603</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction in progress</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,906</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,361</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,332,817</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,269,119</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,585</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235,138</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,081,232</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,033,981</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company incurred </font><font style="font-family:inherit;font-size:10pt;">$50.9 million</font><font style="font-family:inherit;font-size:10pt;"> of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company&#8217;s dealerships and facilities, excluding </font><font style="font-family:inherit;font-size:10pt;">$32.7 million</font><font style="font-family:inherit;font-size:10pt;"> of capital expenditures accrued as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had accrued </font><font style="font-family:inherit;font-size:10pt;">$21.2 million</font><font style="font-family:inherit;font-size:10pt;"> of capital expenditures. In addition, the Company purchased real estate (including land and buildings) during the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> associated with existing dealership operations totaling </font><font style="font-family:inherit;font-size:10pt;">$7.9 million</font><font style="font-family:inherit;font-size:10pt;">. And, in conjunction with the acquisition of dealerships and franchises in the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company acquired </font><font style="font-family:inherit;font-size:10pt;">$28.8 million</font><font style="font-family:inherit;font-size:10pt;"> of real estate and other property and equipment.</font></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company determined that certain real estate investments qualified for held-for-sale treatment. As a result, the Company classified the carrying value after adjustment to estimated fair market value of the real estate, totaling </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;">, in prepaid and other current assets in its Consolidated Balance Sheets.</font></div></div> 1) Net of accumulated impairment of $97.8 million. EX-101.SCH 7 gpi-20160630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2120100 - Disclosure - Accumulated Other Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 2420402 - Disclosure - Accumulated Other Comprehensive Income (Details) link:presentationLink link:calculationLink link:definitionLink 2320301 - Disclosure - Accumulated Other Comprehensive Income (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Acquisitions and Dispositions Acquisitions and Dispositions link:presentationLink link:calculationLink link:definitionLink 2409401 - Disclosure - Acquisitions and Dispositions Acquisitions and Dispositions (Details textuals) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2418401 - Disclosure - Commitments and Contingencies (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2422402 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Balance Sheet (Details) link:presentationLink link:calculationLink link:definitionLink 2422404 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Cash Flow (Details) link:presentationLink link:calculationLink link:definitionLink 2122100 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Financial Information link:presentationLink link:calculationLink link:definitionLink 2322301 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables) link:presentationLink link:calculationLink link:definitionLink 2422403 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1002501 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Consolidated Statement of Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 1005001 - Statement - Consolidated Statement of Stockholders' Equity Consolidated Statement of Stockholders' Equity (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1006000 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 1004501 - Statement - Consolidated Statements of Comprehensive Income (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Credit Facilities link:presentationLink link:calculationLink link:definitionLink 2415401 - Disclosure - Credit Facilities (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Derivative Instruments and Risk Management Activities link:presentationLink link:calculationLink link:definitionLink 2210201 - Disclosure - Derivative Instruments and Risk Management Activities Derivative Instruments and Risk Management Activities (Policies) link:presentationLink link:calculationLink link:definitionLink 2410403 - Disclosure - Derivative Instruments and Risk Management Activities (Details) link:presentationLink link:calculationLink link:definitionLink 2410404 - Disclosure - Derivative Instruments and Risk Management Activities (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2310302 - Disclosure - Derivative Instruments and Risk Management Activities (Tables) link:presentationLink link:calculationLink link:definitionLink 2414402 - Disclosure - Detail of Certain Balance Sheet Accounts (Accounts and Notes Receivable) (Details) link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts link:presentationLink link:calculationLink link:definitionLink 2414405 - Disclosure - Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Tables) link:presentationLink link:calculationLink link:definitionLink 2414403 - Disclosure - Detail of Certain Balance Sheet Accounts (Inventories) (Details) link:presentationLink link:calculationLink link:definitionLink 2414404 - Disclosure - Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - Earnings Per Share link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - Earnings Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - Earnings Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 2417403 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 2217201 - Disclosure - Fair Value Measurements Fair Value Measurements (Policies) link:presentationLink link:calculationLink link:definitionLink 2317302 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2413401 - Disclosure - Income Taxes (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Intangible Franchise Rights and Goodwill link:presentationLink link:calculationLink link:definitionLink 2419402 - Disclosure - Intangible Franchise Rights and Goodwill (Details) link:presentationLink link:calculationLink link:definitionLink 2319301 - Disclosure - Intangible Franchise Rights and Goodwill (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Interim Financial Information link:presentationLink link:calculationLink link:definitionLink 2407404 - Disclosure - Interim Financial Information (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2407403 - Disclosure - Interim Financial Information Interim Financial Information (Details) link:presentationLink link:calculationLink link:definitionLink 2207201 - Disclosure - Interim Financial Information Interim Financial Information (Policies) link:presentationLink link:calculationLink link:definitionLink 2307302 - Disclosure - Interim Financial Information (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Long-Term Debt link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Long-Term Debt (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Long-Term Debt (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Long-Term Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 2121100 - Disclosure - Segment Information Segment Information link:presentationLink link:calculationLink link:definitionLink 2421402 - Disclosure - Segment Information Segment Information (Details) link:presentationLink link:calculationLink link:definitionLink 2321301 - Disclosure - Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Stock-Based Compensation Plans link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Stock-Based Compensation Plans (Details) link:presentationLink link:calculationLink link:definitionLink 2411403 - Disclosure - Stock-Based Compensation Plans (Details Textual) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Stock-Based Compensation Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 2123100 - Disclosure - Subsequent Events Subsequent Events link:presentationLink link:calculationLink link:definitionLink 2423401 - Disclosure - Subsequent Events Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 gpi-20160630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 gpi-20160630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 gpi-20160630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Organization, Consolidation and Presentation of Financial Statements [Abstract] Business And Organization [Table] Business And Organization [Table] Business And Organization [Table] Segments [Axis] Segments [Axis] Segments [Domain] Segments [Domain] U.S. [Member] United States [Member] United States [Member] U.K. [Member] United Kingdom [Member] United Kingdom [Member] Brazil [Member] Brazil [Member] Brazil represents the companies reportable segment of operating companies in Brazil [Member] Geographical [Axis] Geographical [Axis] Segment, Geographical [Domain] Geographical [Domain] East [Member] East [Member] East [Member] West [Member] West [Member] West [Member] Business And Organization [Line Items] Business And Organization [Line Items] Business And Organization [Line Items] Number of States in which Entity Operates Number of States in which Entity Operates Number of Towns in which Entity Operates Number of Towns in which Entity Operates Number of Towns in which Entity Operates Number of Domestic Regions Number of domestic regions Number of domestic regions Number of Dealerships Number Of Dealerships Number of dealerships. Number of International Regions Number of international regions Number of international regions Number of Reportable Segments Number of Reportable Segments Variable Interest Entity, Ownership Percentage Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage Deferred income taxes Deferred Tax Assets, Net, Current Debt Issuance Costs, Current Assets Debt Issuance Costs, Current Assets Debt Issuance Costs, Current Assets Debt Issuance Costs, Long-term Assets Debt Issuance Costs, Long-term Assets Debt Issuance Costs, Long-term Assets Balance Sheet Related Disclosures [Abstract] Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Accounts, Notes, Loans and Financing Receivable by Receivable Type [Axis] Receivable Type [Axis] Receivable Type [Domain] Receivable [Domain] Amounts due from manufacturers [Member] Amounts Due From Manufacturers [Member] Amounts due from manufacturers. Parts and service receivables [Member] Parts And Service Receivables [Member] Parts and service receivables. Finance and insurance receivables, net [Member] Finance And Insurance Receivables Net [Member] Finance and insurance receivables net. Other [Member] Other Receivable [Member] Other receivable. Accounts, Notes, Loans and Financing Receivable [Line Items] Accounts, Notes, Loans and Financing Receivable [Line Items] Accounts and notes receivable Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] Total accounts and notes receivable Accounts Receivable, Gross, Current Less allowance for doubtful accounts Allowance for Doubtful Accounts Receivable Accounts and notes receivable, net Accounts, Notes, Loans and Financing Receivable, Net, Current Goodwill and Intangible Assets Disclosure [Abstract] Roll-forward of intangible franchise rights and goodwill accounts Schedule of Intangible Assets and Goodwill [Table Text Block] Schedule of Indefinite-Lived Intangible Assets [Table] Schedule of Indefinite-Lived Intangible Assets [Table] Indefinite-lived Intangible Assets [Line Items] Indefinite-lived Intangible Assets [Line Items] Intangible Franchise Rights [Roll Forward] Indefinite-lived Intangible Assets [Roll Forward] Intangible Franchise Rights, Beginning Balance Indefinite-Lived Intangible Assets (Excluding Goodwill) Additions through acquisitions Indefinite-lived Intangible Assets Acquired Currency Translation Indefinite-lived Intangible Assets, Translation Adjustments Intangible Franchise Rights, Ending Balance Schedule of Goodwill [Table] Schedule of Goodwill [Table] Goodwill [Line Items] Goodwill [Line Items] Goodwill [Roll Forward] Goodwill [Roll Forward] Goodwill, Beginning Balance Goodwill Goodwill, Acquired During Period Goodwill, Acquired During Period Goodwill, Purchase Accounting Adjustments Goodwill, Purchase Accounting Adjustments Goodwill, Written off Related to Sale of Business Unit Goodwill, Written off Related to Sale of Business Unit Goodwill, Translation Adjustments Goodwill, Translation Adjustments Goodwill, Ending Balance Goodwill, Impaired, Accumulated Impairment Loss Goodwill, Impaired, Accumulated Impairment Loss Statement of Stockholders' Equity [Abstract] Statement [Table] Statement [Table] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Additional Paid-in Capital [Member] Additional Paid-in Capital [Member] Statement [Line Items] Statement [Line Items] Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation Statement of Financial Position [Abstract] ASSETS Assets [Abstract] Total assets Assets Total current assets Assets, Current Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Contracts-in-transit and vehicle receivables, net Contracts In Transit And Vehicle Receivables Net Amounts due from financing institutions on retail finance contracts from vehicle sales and dealer incentives due from manufacturers. Also, included are amounts receivable from vehicle wholesale sales. Accounts and notes receivable, net Inventories, net Inventory, Net Deferred income taxes Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current PROPERTY AND EQUIPMENT, net Property, Plant and Equipment, Net GOODWILL INTANGIBLE FRANCHISE RIGHTS Indefinite-Lived Franchise Rights OTHER ASSETS Other Assets, Noncurrent LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities and Equity [Abstract] Total liabilities and stockholders’ equity Liabilities and Equity Total current liabilities Liabilities, Current Floorplan notes payable - credit facility and other Floorplan Notes Payable Credit Facility Gross Floorplan Notes Payable Credit Facility Gross Offset account related to floorplan notes payable - credit facility Floorplan Offset Floorplan offset. Floorplan notes payable - manufacturer affiliates Floorplan Notes Payable Manufacturer Affiliates Amounts payable for the financing of specific new vehicle inventory with Ford Motor Credit Company, the financing of new and used vehicle inventory in the United Kingdom with BMW Financial Services and the financing of rental vehicle inventory with several other manufacturers. Payments on floor plan notes payable are generally due as the vehicles are sold. Offset account related to floorplan notes payable - manufacturer affiliates FMCC Offset FMCC Offset Current maturities of long-term debt and short-term financing Long-term Debt and Capital Lease Obligations, Current Accounts payable Accounts Payable, Current Accrued expenses Accrued Liabilities, Current LONG-TERM DEBT, net of current maturities Long-term Debt and Capital Lease Obligations Deferred Tax Liabilities, Net, Noncurrent Deferred Tax Liabilities, Net, Noncurrent LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES Derivative Liability, Noncurrent OTHER LIABILITIES Other Liabilities, Noncurrent STOCKHOLDERS’ EQUITY: Stockholders' Equity Attributable to Parent [Abstract] Total stockholders’ equity Stockholders' Equity Attributable to Parent Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding Preferred Stock, Value, Issued Common stock, $0.01 par value, 50,000 shares authorized; 25,702 and 25,706 issued, respectively Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital, Common Stock Retained earnings Retained Earnings (Accumulated Deficit) Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Treasury stock, at cost; 4,095 and 2,291 shares, respectively Treasury Stock, Value Derivative Instruments and Hedging Activities Disclosure [Abstract] DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES Derivative Instruments and Hedging Activities Disclosure [Text Block] Condensed Financial Information of Parent Company Only Disclosure [Abstract] Condensed Balance Sheet Statement [Table] Condensed Balance Sheet Statement [Table] Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Consolidation, Eliminations [Member] Consolidation, Eliminations [Member] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] Parent Company [Member] Parent Company [Member] Guarantor Subsidiaries [Member] Guarantor Subsidiaries [Member] Non-Guarantor Subsidiaries [Member] Non-Guarantor Subsidiaries [Member] Condensed Balance Sheet Statements, Captions [Line Items] Condensed Balance Sheet Statements, Captions [Line Items] Cash and cash equivalents Contracts-in-transit and vehicle receivables, net Intercompany accounts receivable Intercompany accounts receivable current Intercompany accounts receivable current Prepaid expenses and other current assets INTANGIBLE FRANCHISE RIGHTS INVESTMENT IN SUBSIDIARIES Investment in Subsidiaries Investment in Subsidiaries OTHER ASSETS Floorplan notes payable — credit facility and other Floorplan notes payable - manufacturer affiliates Current maturities of long-term debt and short-term financing Accounts payable Intercompany accounts payable Intercompany accounts payable current Intercompany accounts payable current Accrued expenses LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES DEFERRED INCOME TAXES AND OTHER LIABILITIES Deferred Income Taxes and Other Liabilities, Noncurrent Group 1 stockholders’ equity Intercompany note receivable Intercompany note receivable Intercompany note receivable Total stockholders’ equity Stockholders' Equity Attributable to Parent Excluding Intercompany Receivables Stockholders' Equity Attributable to Parent Excluding Intercompany Receivables Document and Entity Information [Abstract] Document and entity information. Entities [Table] Entities [Table] Entity Information [Line Items] Entity Information [Line Items] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Document Type Document Type Document Period End Date Document Period End Date Amendment Flag Amendment Flag Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Common Stock, Par or Stated Value Per Share Common Stock, Par or Stated Value Per Share Fair Value Disclosures [Abstract] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Major Types of Debt and Equity Securities [Axis] Major Types of Debt and Equity Securities [Axis] Major Types of Debt and Equity Securities [Domain] Major Types of Debt and Equity Securities [Domain] Investments [Member] Investments [Member] Demand Obligation [Member] Demand Obligation [Member] Demand Obligation [Member] Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value, Measurements, Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] Level 2 [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Assets: Assets, Fair Value Disclosure [Abstract] Investments, Fair Value Disclosure Investments, Fair Value Disclosure Interest Rate Derivative Assets, at Fair Value Interest Rate Derivative Assets, at Fair Value Total Assets, Fair Value Disclosure Liabilities: Liabilities, Fair Value Disclosure [Abstract] Interest Rate Derivative Liabilities, at Fair Value Interest Rate Derivative Liabilities, at Fair Value Total Financial and Nonfinancial Liabilities, Fair Value Disclosure Property, Plant and Equipment [Abstract] Property, Plant and Equipment [Table] Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Land and Building [Member] Land and Building [Member] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] Dealership Acquisitions [Member] Dealership Acquisitions [Member] Dealership Acquisitions [Member] Property, Plant and Equipment [Line Items] Property, Plant and Equipment [Line Items] Capital expenditures incurred for purchase and construction of assets Payments to Acquire Productive Assets Capital Expenditures Incurred but Not yet Paid Capital Expenditures Incurred but Not yet Paid Acquisition of fixed assets Property, Plant and Equipment, Additions Assets Held-for-sale, Long Lived Real Estate Held-for-sale Schedule of Variable Interest Entities [Table] Schedule of Variable Interest Entities [Table] Variable Interest Entities [Axis] Variable Interest Entities [Axis] Variable Interest Entity, Classification [Domain] Variable Interest Entity, Classification [Domain] Variable Interest Entity, Primary Beneficiary [Member] Variable Interest Entity, Primary Beneficiary [Member] Variable Interest Entity [Line Items] Variable Interest Entity [Line Items] Assets, Current Long-Lived Assets Long-Lived Assets Total liabilities Liabilities Liabilities, Current Liabilities, Noncurrent Liabilities, Noncurrent Commitments and Contingencies Disclosure [Abstract] COMMITMENTS AND CONTINGENCIES Commitments and Contingencies Disclosure [Text Block] Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net Cash Provided by (Used in) Operating Activities [Abstract] Net income Net Income (Loss) Attributable to Parent Adjustments to reconcile net income to net cash provided by (used in) operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation and amortization Depreciation, Depletion and Amortization Deferred income taxes Deferred Income Tax Expense (Benefit) ASSET IMPAIRMENTS Asset Impairment Charges Stock-based compensation Share-based Compensation Amortization of debt discount and issue costs Amortization of Financing Costs and Discounts Gain (Loss) on Disposition of Assets Gain (Loss) on Disposition of Assets Tax effect from excess stock-based compensation Excess Tax Benefit from Share-based Compensation, Operating Activities Other Other Noncash Income (Expense) Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: Increase (Decrease) in Operating Capital [Abstract] Accounts payable and accrued expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities Accounts and notes receivable Increase (Decrease) in Accounts and Other Receivables Inventories Increase (Decrease) in Retail Related Inventories Contracts-in-transit and vehicle receivables Increase Decrease In Contracts In Transit And Vehicle Receivables The increase (decrease) during the reporting period in the book value of amounts due from financing institutions on retail finance contracts from vehicle sales and dealer incentives due from manufacturers. Also, included are amounts receivable from vehicle wholesale sales. Prepaid expenses and other assets Increase (Decrease) in Prepaid Expense and Other Assets Floorplan notes payable - manufacturer affiliates IncreaseDecreaseFloorPlanNotes The decrease (increase) during the reporting period in the carrying value of revolving financing agreements related to new vehicle inventories with captive finance companies associated with the manufacturer of those vehicles that are due when the vehicles are sold. Deferred revenues Increase (Decrease) in Deferred Revenue Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Net Cash Provided by (Used in) Investing Activities [Abstract] Cash paid in acquisitions, net of cash received Payments to Acquire Businesses, Net of Cash Acquired Proceeds from disposition of franchises, property and equipment Proceeds From Disposition Of Franchise Property And Equipment Cash inflow from the sale of long-lived physical assets, dealership franchises, and related real estate, as applicable. Purchases of property and equipment, including real estate Payments to Acquire Property, Plant, and Equipment Other Payments for (Proceeds from) Other Investing Activities Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Net Cash Provided by (Used in) Financing Activities [Abstract] Borrowings on credit facility - Floorplan Line Borrowings On Credit Facility Floorplan Line The cash inflow resulting from borrowings under the floorplan line of the revolving credit facility. Borrowings under the floorplan line are used to finance the purchase of specific new, used and rental vehicle inventory. Repayments on credit facility - Floorplan Line Repayments On Credit Facility Floorplan Line The cash outflow resulting from repayments of borrowings under the floorplan line of the revolving credit facility. Borrowings under the floorplan line are used to finance the purchase of specific new, used and rental vehicle inventory. Borrowings on credit facility - acquisition line Borrowings on Credit Facility Acquisition Line Borrowings on credit facility acquisition line. Repayment on credit facility - acquisition line Repayments on Credit Facility Acquisition Line Repayments on credit facility acquisition line. Borrowings on other debt Proceeds from Issuance of Other Long-term Debt Principal payments on other debt Repayments of Other Long-term Debt Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs Principal payments of long-term debt related to real estate loans Principal Payments Of Long Term Debt Related To Real Estate Loans The cash outflow resulting from principal payments on borrowings under real estate loans. Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans The aggregate value of common shares issued during the period to fund employee benefit plan. Repurchases of common stock, amounts based on settlement date Payments for Repurchase of Common Stock Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net Dividends paid Payments of Ordinary Dividends, Common Stock Proceeds from (Payments for) Other Financing Activities Proceeds from (Payments for) Other Financing Activities Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Effect of Exchange Rate on Cash and Cash Equivalents Effect of Exchange Rate on Cash and Cash Equivalents NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS Cash and Cash Equivalents, Period Increase (Decrease) CASH AND CASH EQUIVALENTS, beginning of period CASH AND CASH EQUIVALENTS, end of period SUPPLEMENTAL CASH FLOW INFORMATION: Other Noncash Investing and Financing Items [Abstract] Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses Detail Of Certain Balance Sheet Accounts Supplemental Balance Sheet Disclosures [Text Block] Subsequent Events [Abstract] Subsequent Events [Text Block] Subsequent Events [Text Block] Amount of Unrealized Gain, Net of Tax, Recognized in Other Comprehensive Income Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] Line of Credit Facility [Abstract] CREDIT FACILITIES Credit Facilities [Text Block] Credit facilities INTANGIBLE FRANCHISE RIGHTS AND GOODWILL Intangible Assets Disclosure [Text Block] Line of Credit Facility [Table] Line of Credit Facility [Table] Borrowings currency [Axis] Borrowings currency [Axis] Borrowings currency [Axis] All Currencies [Domain] Borrowings currency [Domain] [Domain] for Borrowings currency [Axis] United States of America, Dollars United States of America, Dollars Euros or Pound Sterling [Member] Euros or Pound Sterling [Member] Euros or Pound Sterling [Member] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum [Member] Minimum [Member] Maximum [Member] Maximum [Member] Credit Facility [Axis] Credit Facility [Axis] Line of Credit Facility, Lender [Domain] Credit Facility [Domain] Revolving Credit Facility [Member] Revolving Credit Facility [Member] Brazil Credit Facilities [Member] Brazilian Credit Facility [Member] Brazilian Credit Facility [Member] FMCC Facility [Member] FMCC Facility [Member] FMCC facility. Revolving Credit Facility, Floorplan Line [Member] Revolving Credit Facility, Floorplan Line [Member] Revolving Credit Facility, Floorplan Line [Member] Revolving Credit Facility, Floorplan Line, New Vehicles [Member] Revolving Credit Facility, Floorplan Line, New Vehicles [Member] Revolving Credit Facility, Floorplan Line, New Vehicles [Member] Revolving Credit Facility, Floorplan Line, Used Vehicles [Member] Revolving Credit Facility, Floorplan Line, Used Vehicles [Member] Revolving Credit Facility, Floorplan Line, Used Vehicles Revolving Credit Facility, Acquisition Line [Member] Revolving Credit Facility, Acquisition Line [Member] Revolving Credit Facility, Acquisition Line [Member] Rental Vehicle Credit Facility [Member] Rental Vehicle Credit Facility [Member] Rental vehicle credit facility. UK Credit Facilities [Member] UK Credit Facilities [Member] UK Credit Facilities [Member] Line of Credit Facility [Line Items] Line of Credit Facility [Line Items] Maximum borrowing capacity under line of credit facility Line of Credit Facility, Maximum Borrowing Capacity Expiry date of Revolving Credit Facility Line of Credit Facility, Expiration Date Number of financial institutions Number Of Financial Institutions Number of financial institutions. Number of Manufacturer-affiliated finance companies Number Of Manufacturer Affiliated Finance Companies Number of Manufacturer-affiliated finance companies. Number of tranches Number of tranches Number of tranches Line Of Credit Facility, Minimum Borrowing Capacity Line Of Credit Facility, Minimum Borrowing Capacity Line of credit facility minimum borrowing capacity for working capital and general corporate purposes, including acquisitions. Line Of Credit Facility Maximum Borrowing Capacity Can Be Extended Amount Line Of Credit Facility Maximum Borrowing Capacity Can Be Extended Amount Line of credit facility, maximum borrowing capacity can be extended, amount. Debt Instrument, Basis Spread on Variable Rate Debt Instrument, Basis Spread on Variable Rate Commitment fees, Percentage Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Maximum period for outstanding borrowing Maximum Period For Outstanding Borrowing Maximum period for outstanding borrowing. Line of credit facility, Unamortized Cost Line Of Credit Facility Unamortized Cost Line of credit facility, unamortized cost. Line of Credit Facility, Amount Outstanding Long-term Line of Credit Available amount under borrowing capacity Line of Credit Facility, Remaining Borrowing Capacity Floorplan Offset Weighted average interest rate Debt, Weighted Average Interest Rate Letters of credit outstanding Letters of Credit Outstanding, Amount Maximum Limit Of Restricted Payment Basket Maximum Limit Of Restricted Payment Basket Maximum Limit Of Restricted Payment Basket Restricted payment Restricted Payment Basket Restricted Payment Basket Cancellation of agreement Number Of Days Related To Cancellation Of Contract Number of days related to cancellation of contract. FMCC Offset Debt interest rate Line of Credit Facility, Interest Rate at Period End Debt Instrument Maturity Date Period Debt Instrument Maturity Date Period Debt Instrument Maturity Date Period Grace Period for Outstanding Borrowings Grace Period for Outstanding Borrowings Grace period for outstanding borrowings Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Restricted Stock Awards Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event [Member] Subsequent Event [Member] Subsequent Event [Line Items] Subsequent Event [Line Items] Treasury Stock, Carrying Basis Treasury Stock, Carrying Basis Treasury Stock, Shares, Acquired Treasury Stock, Shares, Acquired Income Tax Disclosure [Abstract] Income Tax Disclosure [Text Block] Effective tax rate Effective Income Tax Rate Reconciliation, Percent U.S. federal statutory corporate tax rate Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent Unrecognized Tax Benefits Unrecognized Tax Benefits Open Tax Year Open Tax Year Accounts and notes receivable Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Summary of inventories Schedule of Inventory, Current [Table Text Block] Property and equipment Property, Plant and Equipment [Table Text Block] Preferred stock, par value Preferred Stock, Par or Stated Value Per Share Preferred stock, shares authorized Preferred Stock, Shares Authorized Preferred stock, shares issued Preferred Stock, Shares Issued Preferred stock, shares outstanding Preferred Stock, Shares Outstanding Common Stock, par value Common Stock, shares authorized Common Stock, Shares Authorized Common Stock, shares issued Common Stock, Shares, Issued Treasury securities, shares Treasury Stock, Shares Derivative [Table] Derivative [Table] Minimum [Member] Maximum [Member] Derivative Instrument Risk [Axis] Derivative Instrument [Axis] Derivative Contract Type [Domain] Derivative Contract [Domain] Interest Rate Swap [Member] Interest Rate Swap [Member] Interest Rate Swaps Forward Starting [Member] Interest Rate Swaps Forward Starting [Member] Interest Rate Swaps Forward Starting [Member] Derivative [Line Items] Derivative [Line Items] Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract] General Discussion of Derivative Instruments and Hedging Activities [Abstract] Aggregate notional value of forward interest rate swaps Derivative, Notional Amount Derivative, Average Fixed Interest Rate Derivative, Average Fixed Interest Rate Increase in floor plan interest expense due to impact of interest rate hedges Increase Decrease In Floor Plan Interest Expense Due To Interest Rate Hedges The increase or decrease in floorplan interest expense due to interest rate hedges. Floor Plan Interest Expense Floor Plan Interest Expense Interest expense incurred on borrowings under the floorplan line of the credit facility and arrangements with vehicle manufacturer affiliates for the financing of specific new, used and rental vehicle inventory. Interest expense also includes the net impact of interest rate swap settlements during the period, which are designed to hedge exposure to variable interest rates. Number of additional forward interest rate swaps Derivative, Number of Instruments Held Forward swaps start date Derivative, Inception Date Forward swaps expiration date Derivative, Maturity Date Maximum Notional Amount Of Derivatives In Effect At Any Time Maximum Notional Amount Of Derivatives In Effect At Any Time Maximum notional amount of derivatives in effect at any time. Fair value of derivative financial instruments included in balance sheet as liabilities from interest risk management activities Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax Amount expected to be reclassified from other comprehensive loss into earnings Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Axis] Award Type [Axis] Share-based Compensation Arrangements by Share-based Payment Award, Award Type and Plan Name [Domain] Equity Award [Domain] 2014 Long Term Incentive Plan [Member] 2014 Long Term Incentive Plan [Member] 2014 Long term incentive plan. Employee Stock Purchase Plan [Member] Employee Stock [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Stock-based Compensation Plans (Textual) [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Additional General Disclosures [Abstract] Expiry date for stock options grant Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date Shares available for grant under the incentive plan Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Range Of Forfeiture Provisions Range Of Forfeiture Provisions Range of forfeiture provisions. Shares authorized for issuance Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Employee stock purchase price in percentage of fair market value Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent Shares issued to employee under purchase plan Stock Issued During Period, Shares, Employee Stock Purchase Plans Weighted average fair value of employee stock purchase rights issued Weighted Average Fair Value Of Employee Stock Purchase Rights Issued Weighted average fair value of employee stock purchase rights issued. Share-based Compensation Cash received from employee stock purchase plan purchases Proceeds From Employee Stock Purchase Plan Purchases The total cash inflow associated with the amount received from employees to purchase company stock, including stock option exercises. Tax benefit realized for the tax deductions Employee Service Share Based Compensation Tax Benefit Realized from Exercise of Stock Options and Vesting of Restricted Shares Employee service share based compensation tax benefit realized from exercise of stock options and vesting of restricted shares. Statement of Comprehensive Income [Abstract] Tax (benefit) provision of unrealized loss on interest rate swap Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax Tax provision of reclassification adjustment Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax Equity [Abstract] Changes in the balances of each component of accumulated other comprehensive income Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] Debt Disclosure [Abstract] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] 5.00% Senior Note [Member] 5.00% Senior Note [Member] 5.00% Senior Note [Member] 5.25% Senior Note [Member] 5.25% Senior Note [Member] 5.25% Senior Note [Member] Real Estate Related and Other Long Term Debt [Member] Other Real Estate Related Long Term Debt [Member] Other real estate related long-term debt. Real Estate Related Debt [Member] Real Estate Related Debt [Member] Real Estate Related Debt [Member] Brazil Note [Member] Brazil Note [Member] Brazil Note [Member] Brazilian third party financial institution [Member] Brazilian third party financial institution [Member] Brazilian third party financial institution [Member] U.K. Note [Member] Foreign Note [Member] Foreign Note [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Long-term Debt (Textual) Long-term Debt, Fiscal Year Maturity [Abstract] Short-term Debt Short-term Debt Note agreement with a third party financial institution Debt Instrument, Face Amount Debt Instrument, Interest Rate, Stated Percentage Debt Instrument, Interest Rate, Stated Percentage Ending date of installments to be repaid Debt Instrument, Maturity Date Range, End Additional borrowings discount from face value Additional borrowings discount from face value Additional borrowings discount from face value Long-term Debt Underwriters Fees, Discount, and Debt Issuance Costs Original Long-term Debt Underwriters Fees, Discount, and Debt Issuance Costs Original Long-term Debt Underwriters Fees, Discount, and Debt Issue Costs Original Amortization period of underwriters fees and debt issuance costs Amortization period of underwriters fees and debt issuance costs Amortization period of underwriters fees and debt issuance costs Unamortized Underwriters Fees, Discount, and Debt Issuance Costs Unamortized Underwriters Fees, Discount, and Debt Issuance Costs Unamortized Underwriters Fees, Discount, and Debt Issuance Costs Maturity date of notes Debt Instrument, Maturity Date Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed Redemption price percentage of principal outstanding and accrued unpaid interest Redemption price percentage of principal outstanding and accrued unpaid interest Redemption price percentage of principal outstanding and accrued unpaid interest Redemption price percentage of principal redeemed Redemption price percentage of principal redeemed Redemption price percentage of principal redeemed Long-term Debt Underwriters Fees and Debt Issuance Costs Original Long-term Debt Underwriters Fees and Debt Issuance Costs Original Long-term Debt Underwriters Fees and Debt Issuance Costs Original Unamortized Underwriters Fees and Debt Issuance Costs Unamortized Underwriters Fees and Debt Issuance Costs Unamortized Underwriters Fees and Debt Issuance Costs Number of manufacturer-affiliated finance partners Number of manufacturer-affiliated finance partners Number of manufacture-affiliates with mortgaged loans Interest on real estate notes, minimum Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum Interest on real estate notes, maximum Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum Variable Interest Rate Debt Issuance Cost Debt Issuance Cost Unamortized debt issuance cost Unamortized Debt Issuance Expense Number of loans as per loan agreements Mortgage Loans on Real Estate, Number of Loans Total borrowings Long-term Debt Proceeds from Issuance of Long-term Debt Proceeds from Issuance of Long-term Debt Debt, Long-term and Short-term, Combined Amount Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Loans Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Loans Repayments of Long-term Debt Repayments of Long-term Debt Amortization schedule Amortization Schedule Of Loan Agreement Amortization schedule of loan agreement. Long-term Debt, Fair Value Long-term Debt, Fair Value Long-term Debt, Percentage Bearing Fixed Interest, Amount Long-term Debt, Percentage Bearing Fixed Interest, Amount Long-term Debt, Percentage Bearing Fixed Interest, Fair Value Long-term Debt, Percentage Bearing Fixed Interest, Fair Value Long-term Debt, Percentage Bearing Fixed Interest, Fair Value LONG-TERM DEBT Debt and Capital Leases Disclosures [Text Block] Asset and liabilities recorded at fair value Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Other Comprehensive Income Location [Axis] Other Comprehensive Income Location [Axis] Other Comprehensive Income Location [Domain] Other Comprehensive Income Location [Domain] Floorplan Interest Expense [Member] Floorplan Interest Expense [Member] Floorplan interest expense. Interest Expense [Member] Interest Expense [Member] Changes in the balances of each component of accumulated other comprehensive income Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Beginning Balance Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Ending Balance Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Beginning Balance Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent Other Comprehensive Income (Loss) before Reclassifications, Tax Other Comprehensive Income (Loss) before Reclassifications, Tax Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), before Tax Other Comprehensive Income (Loss), Tax Other Comprehensive Income (Loss), Tax Other comprehensive income (loss), net of tax Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance FAIR VALUE MEASUREMENTS Fair Value Disclosures [Text Block] Condensed Cash Flow Statement [Table] Condensed Cash Flow Statement [Table] Condensed Cash Flow Statements, Captions [Line Items] Condensed Cash Flow Statements, Captions [Line Items] Cash paid in acquisitions, net of cash received Purchases of property and equipment, including real estate Other Borrowings on credit facility - floorplan line and other Repayments on credit facility - floorplan line and other Borrowings on other debt Principal payments on other debt Principal payments on debt related to real estate Repurchases of common stock, amounts based on settlement date Dividends paid Borrowings (repayments) with subsidiaries Borrowings (repayments) with subsidiaries Borrowings (repayments) with subsidiaries Investment in subsidiaries Change in investment in subsidiaries Change in investment in subsidiaries Distributions to parent Cash Dividends Paid to Parent Company by Consolidated Subsidiaries Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Awards, Nonvested at December 31, 2015 Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Awards, Granted Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Awards, Vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Awards, Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Awards, Nonvested at June 30, 2016 Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] Weighted Average Grant Date Fair Value, Nonvested, December 31, 2015 Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value, Granted Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value, Vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value, Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Weighted Average Grant Date Fair Value, Nonvested, June 30, 2016 Income Statement [Abstract] REVENUES: Revenues [Abstract] New vehicle retail sales New Vehicle Retail Sales Aggregate revenue recognized during the period derived from new vehicles sold to retail customers. Revenues from new vehicle retail sales are recognized upon completion of the sale and delivery to the customer. Conditions to completing a sale include having an agreement with the customer, including pricing, and the sales price must be reasonably expected to be collected. Used vehicle retail sales Used Vehicle Retail Sales Aggregate revenue recognized during the period derived from used vehicles sold to retail customers. Revenues from new vehicle retail sales are recognized upon completion of the sale and delivery to the customer. Conditions to completing a sale include having an agreement with the customer, including pricing, and the sales price must be reasonably expected to be collected. Used vehicle wholesale sales Used Vehicle Wholesale Sales Aggregate revenue recognized during the period derived from used vehicles sold to wholesale customers. Revenues from new vehicle retail sales are recognized upon completion of the sale and delivery to the customer. Conditions to completing a sale include having an agreement with the customer, including pricing, and the sales price must be reasonably expected to be collected. Parts and service sales Parts And Service Sales Aggregate revenue recognized during the period derived from parts sold to retail and wholesale customers, as well as performance of vehicle services and repairs. Revenues from new vehicle retail sales are recognized upon completion of the sale and delivery to the customer. Conditions to completing a sale include having an agreement with the customer, including pricing, and the sales price must be reasonably expected to be collected. Finance, insurance and other, net Financial Services Revenue Total revenues Revenues COST OF SALES: Cost of Goods and Services Sold [Abstract] New vehicle retail sales New Vehicle Retail Sales Cost Of Sales The aggregate cost of new vehicles sold to retail customers during the reporting period. Used vehicle retail sales Used Vehicle Retail Sales Cost Of Sales The aggregate cost of used vehicles sold to retail customers during the reporting period. Used vehicle wholesale sales Used Vehicle Wholesale Sales Cost Of Sales The aggregate cost of used vehicles sold to wholesale customers during the reporting period. Parts and service sales Parts And Service Sales Cost Of Sales The aggregate cost of parts sold and vehicle services rendered during the reporting period. Total cost of sales Cost of Goods and Services Sold GROSS PROFIT Gross Profit SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Selling, General and Administrative Expense DEPRECIATION AND AMORTIZATION EXPENSE INCOME FROM OPERATIONS Operating Income (Loss) OTHER EXPENSE: Nonoperating Income (Expense) [Abstract] Floorplan interest expense Other interest expense, net Interest Expense, Other INCOME BEFORE INCOME TAXES Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest PROVISION FOR INCOME TAXES Income Tax Expense (Benefit) NET INCOME BASIC EARNINGS PER SHARE Earnings Per Share, Basic Weighted average common shares outstanding Weighted Average Number of Shares Outstanding, Basic DILUTED EARNINGS PER SHARE Earnings Per Share, Diluted Weighted average common shares outstanding Weighted Average Number of Shares Outstanding, Diluted CASH DIVIDENDS PER COMMON SHARE Common Stock, Dividends, Per Share, Cash Paid Condensed Income Statement [Table] Condensed Income Statement [Table] Condensed Income Statements, Captions [Line Items] Condensed Income Statements, Captions [Line Items] REVENUES: COST OF SALES: SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Floorplan interest expense Interest Expense, Other BENEFIT (PROVISION) FOR INCOME TAXES EQUITY IN EARNINGS OF SUBSIDIARIES Income (Loss) from Subsidiaries, Net of Tax COMPREHENSIVE LOSS Other Comprehensive Income (Loss), Net of Tax COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Summary of inventories Inventory, Net [Abstract] New Vehicles Inventory, Gross New Vehicles Inventory, Gross New Vehicles Inventory, Gross Used Vehicles Inventory, Gross Used Vehicles Inventory, Gross Used Vehicles Inventory, Gross Rental Vehicles Inventory, Gross Rental Vehicles Inventory, Gross Rental Vehicles Inventory, Gross Parts, Accessories and Other Inventory, Gross Parts, Accessories and Other Inventory, Gross Parts, Accessories and Other Inventory, Gross Inventory, Gross Inventory, Gross Lower of cost or market reserves Inventory Valuation Reserves Inventories, net Schedule of Carrying Amounts and Classification of Assets and Liabilities of VIE [Table Text Block] Schedule of Variable Interest Entities [Table Text Block] STOCK-BASED COMPENSATION PLANS Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Fair Value of Assets Acquired and Liabilities Assumed [Policy Text Block] Fair Value Measurement, Policy [Policy Text Block] Debt Instrument [Line Items] Summary of long-term debt Schedule of Long-term Debt Instruments [Table Text Block] Earnings Per Share [Abstract] Basic and Diluted Earnings per share Earnings Per Share, Basic and Diluted [Abstract] Weighted average basic common shares outstanding Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock Dilutive Effect Of Restricted Stock And Employee Stock Purchases Net Of Assumed Repurchase Of Treasury Stock Dilutive effect of restricted stock and employee stock purchases, net of assumed repurchase of treasury stock. Weighted average dilutive common shares outstanding Basic: Earnings Per Share, Basic, Two Class Method [Abstract] Undistributed Earnings (Loss) Allocated to Participating Securities, Basic Undistributed Earnings (Loss) Allocated to Participating Securities, Basic Earnings available to basic common shares Net Income (Loss) Available to Common Stockholders, Basic Basic earnings per common share Diluted: Earnings Per Share, Diluted, Two Class Method [Abstract] Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted Earnings available to diluted common shares Net Income (Loss) Available to Common Stockholders, Diluted Diluted earnings per common share Interim Financial Information Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Segment Reporting [Abstract] Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Segment Reporting Information [Line Items] Segment Reporting Information [Line Items] Segment Reporting Information, Profit (Loss) [Abstract] Segment Reporting Information, Profit (Loss) [Abstract] Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Net Income (Loss) Attributable to Parent Loss from Catastrophes Loss From Catastrophes, Net of Tax Loss From Catastrophes, Net of Tax Deferred Foreign Income Tax Expense (Benefit) Deferred Foreign Income Tax Expense (Benefit) Segment Reporting Information, Additional Elements for Bank Presentation [Abstract] Segment Reporting Information, Additional Elements for Bank Presentation [Abstract] Assets Segment Information Segment Reporting Disclosure [Text Block] Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] Common Stock Common Stock [Member] Additional Paid-in-Capital Retained Earnings Retained Earnings [Member] Accumulated Other Comprehensive Income (Loss) AOCI Attributable to Parent [Member] Treasury Stock Treasury Stock [Member] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Beginning balance, shares Shares, Issued Beginning balance Other comprehensive income (loss), net of tax Treasury Stock, Value, Acquired, Cost Method Treasury Stock, Value, Acquired, Cost Method Stock Issued During Period, Shares, Employee Stock Purchase Plans Stock Issued During Period, Value, Employee Stock Purchase Plan Stock Issued During Period, Value, Employee Stock Purchase Plan Stock-based compensation Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Cash dividends Dividends, Common Stock, Cash Ending balance, shares Ending balance Lender Name [Axis] Lender Name [Axis] Line of Credit Facility, Lender [Domain] Line of Credit Facility, Lender [Domain] Real Estate Related and Other Long-Term Debt [Member] Capital Lease Obligations [Member] Capital Lease Obligations [Member] Unsecured Long-term Debt, Noncurrent Unsecured Long-term Debt, Noncurrent Real Estate Related and Other Long-Term Debt Other Long-term Debt Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8% Capital Lease Obligations, Noncurrent Net carrying amount of liability component Debt, Long-term and Short-term, Combined Amount Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current Long term debt and capital lease obligations excluding short term financing current. LONG-TERM DEBT, net of current maturities Debt, Weighted Average Interest Rate Lease Expiration Date Lease Expiration Date Debt Instrument, Face Amount INCOME TAXES ACCUMULATED OTHER COMPREHENSIVE INCOME Comprehensive Income (Loss) Note [Text Block] Condensed Consolidating Financial Information [Text Block] Condensed Financial Statements [Text Block] Land [Member] Land [Member] Building [Member] Building [Member] Leasehold Improvements [Member] Leasehold Improvements [Member] Machinery and Equipment [Member] Machinery and Equipment [Member] Furniture and Fixtures [Member] Furniture and Fixtures [Member] Vehicles [Member] Vehicles [Member] Construction in Progress [Member] Construction in Progress [Member] Property, Plant and Equipment, Estimated Useful Lives Property, Plant and Equipment, Estimated Useful Lives Property, Plant and Equipment, Gross Property, Plant and Equipment, Gross Less accumulated depreciation and amortization Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Property and equipment, net Basic and Diluted Earnings per share Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Net Income (Loss) Attributable to Parent [Abstract] Net Income (Loss) Attributable to Parent [Abstract] NET INCOME Other comprehensive income (loss), net of taxes: Other Comprehensive Income (Loss), Net of Tax [Abstract] Foreign currency translation adjustment Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Net unrealized gain (loss) on interest rate risk management activities, net of tax Unrealized gain (loss) arising during the period, net of tax benefit (provision) of $3,373, ($1,082), $10,058 and $2,825 respectively Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax Reclassification adjustment for gain (loss) included in interest expense, net of tax provision of $1,285, $1,188, $2,553 and $2,368 respectively Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES COMPREHENSIVE INCOME Schedule of Segment Reporting Information, by Segment [Table Text Block] Schedule of Segment Reporting Information, by Segment [Table Text Block] Condensed Balance Sheet [Table Text Block] Condensed Balance Sheet [Table Text Block] Condensed Income Statement [Table Text Block] Condensed Income Statement [Table Text Block] Condensed Cash Flow Statement [Table Text Block] Condensed Cash Flow Statement [Table Text Block] EARNINGS PER SHARE Earnings Per Share [Text Block] Business Combinations [Abstract] Schedule of Business Acquisitions, by Acquisition [Table] Schedule of Business Acquisitions, by Acquisition [Table] Business Acquisition [Line Items] Business Acquisition [Line Items] Acquisitions and Dispositions (Textual) [Abstract] Business Combination, Description [Abstract] Number Of Dealerships Acquired Number Of Dealerships Acquired Number of dealerships acquired. Number of Franchises Acquired Number of Franchises Acquired Number of franchises acquired. Business Combination, Consideration Transferred Business Combination, Consideration Transferred Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents Business Combination, Contingent Consideration, Payable to Sellers Business Combination, Contingent Consideration, Liability Number Of Dealerships Opened Number Of Dealerships Opened Number Of Dealerships Opened Number Of Franchises Awarded Number Of Franchises Awarded Number Of Franchises Awarded Number of Dealerships Disposed Number of Dealerships Disposed Number of Dealerships Disposed Gain (Loss) on Disposition of Business Gain (Loss) on Disposition of Business Number of Franchises Disposed Number of Franchises Disposed Number of franchises disposed. Business Combination Disclosure [Text Block] Business Combination Disclosure [Text Block] New Accounting Pronouncements, Policy [Policy Text Block] New Accounting Pronouncements, Policy [Policy Text Block] Basis of Presentation [Text Block] Basis of Presentation and Significant Accounting Policies [Text Block] Segment Reporting Disclosure [Text Block] Segment Reporting, Policy [Policy Text Block] Consolidation, Variable Interest Entity, Policy [Policy Text Block] Consolidation, Variable Interest Entity, Policy [Policy Text Block] Derivative Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location, by Derivative Instrument Risk [Table] Derivative Instruments, Gain (Loss) [Table] Interest Rate Swap Contracts [Member] Derivative Instruments, Gain (Loss) by Income Statement Location [Axis] Income Statement Location [Axis] Income Statement and Other Comprehensive Income (Loss) Location [Domain] Income Statement Location [Domain] Floorplan Interest Expense [Member] Other Interest Expense [Member] Other Interest Expense [Member] Other interest expense. Derivative Instruments, Gain (Loss) [Line Items] Derivative Instruments, Gain (Loss) [Line Items] Derivatives in cash flow hedging relationship Interest Rate Cash Flow Hedges [Abstract] Interest rate swap contracts Location of Loss Reclassified from OCI into Statements of Operations Location of Loss Reclassified from Other Comprehensive Income into Statements of Operations [Abstract] Location of loss reclassified from other comprehensive income into statements of operations. Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax Derivatives, Policy [Policy Text Block] Derivatives, Policy [Policy Text Block] EX-101.PRE 11 gpi-20160630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document and Entity Information - $ / shares
6 Months Ended
Jun. 30, 2016
Jul. 28, 2016
Dec. 31, 2015
Entity Information [Line Items]      
Entity Registrant Name GROUP 1 AUTOMOTIVE INC    
Entity Central Index Key 0001031203    
Document Type 10-Q    
Document Period End Date Jun. 30, 2016    
Amendment Flag false    
Document Fiscal Year Focus 2016    
Document Fiscal Period Focus Q2    
Current Fiscal Year End Date --12-31    
Entity Filer Category Large Accelerated Filer    
Entity Common Stock, Shares Outstanding   21,354,073  
Common Stock, Par or Stated Value Per Share $ 0.01   $ 0.01
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Total assets $ 4,500,800 $ 4,396,716
Total current assets 2,201,957 2,188,370
Cash and cash equivalents 24,965 13,037
Contracts-in-transit and vehicle receivables, net 212,304 252,438
Accounts and notes receivable, net 151,655 157,768
Inventories, net 1,784,114 1,737,751
Deferred income taxes   14,100
Prepaid expenses and other current assets 28,919 27,376
PROPERTY AND EQUIPMENT, net 1,081,232 1,033,981
GOODWILL 881,981 [1] 854,915
INTANGIBLE FRANCHISE RIGHTS 322,974 307,588
OTHER ASSETS 12,656 11,862
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Total liabilities and stockholders’ equity 4,500,800 4,396,716
Total current liabilities 2,111,874 2,039,268
Floorplan notes payable - credit facility and other 1,239,220 1,265,719
Offset account related to floorplan notes payable - credit facility (35,461) (110,759)
Floorplan notes payable - manufacturer affiliates 397,295 389,071
Offset account related to floorplan notes payable - manufacturer affiliates (27,500) (25,500)
Current maturities of long-term debt and short-term financing 42,993 54,991
Accounts payable 313,219 280,423
Accrued expenses 182,108 185,323
LONG-TERM DEBT, net of current maturities 1,250,940 1,199,534
Deferred Tax Liabilities, Net, Noncurrent 140,462 136,644
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 49,438 31,153
OTHER LIABILITIES 80,534 71,865
STOCKHOLDERS’ EQUITY:    
Total stockholders’ equity 867,552 918,252
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000 shares authorized; 25,702 and 25,706 issued, respectively 257 257
Additional paid-in capital 284,887 291,092
Retained earnings 996,944 926,169
Accumulated other comprehensive loss (154,404) (137,984)
Treasury stock, at cost; 4,095 and 2,291 shares, respectively $ (260,132) $ (161,282)
[1] 1) Net of accumulated impairment of $97.8 million.
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2016
Dec. 31, 2015
Statement of Financial Position [Abstract]    
Preferred stock, par value $ 0.01 $ 0.01
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common Stock, par value $ 0.01 $ 0.01
Common Stock, shares authorized (50,000,000) (50,000,000)
Common Stock, shares issued (25,702,068) (25,705,888)
Treasury securities, shares (4,094,613) (2,291,095)
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
New vehicle retail sales $ 1,540,759 $ 1,534,262 $ 2,950,609 $ 2,866,986
Used vehicle retail sales 715,778 682,294 1,403,949 1,305,487
Used vehicle wholesale sales 96,279 101,512 197,871 201,704
Parts and service sales 322,073 303,193 630,665 585,382
Finance, insurance and other, net 107,560 105,219 207,710 199,775
Total revenues 2,782,449 2,726,480 5,390,804 5,159,334
COST OF SALES:        
New vehicle retail sales 1,459,611 1,458,132 2,797,734 2,721,125
Used vehicle retail sales 667,513 636,235 1,306,484 1,213,307
Used vehicle wholesale sales 96,331 102,445 196,474 199,958
Parts and service sales 148,875 138,095 290,891 269,487
Total cost of sales 2,372,330 2,334,907 4,591,583 4,403,877
GROSS PROFIT 410,119 391,573 799,221 755,457
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 299,022 280,568 592,687 552,037
DEPRECIATION AND AMORTIZATION EXPENSE 12,713 11,946 25,177 23,630
ASSET IMPAIRMENTS 1,024 1,039 1,956 1,039
INCOME FROM OPERATIONS 97,360 98,020 179,401 178,751
OTHER EXPENSE:        
Floorplan interest expense (11,593) (10,015) (22,603) (19,362)
Other interest expense, net (16,705) (14,228) (33,634) (28,139)
INCOME BEFORE INCOME TAXES 69,062 73,777 123,164 131,250
PROVISION FOR INCOME TAXES (22,482) (27,467) (42,293) (49,126)
NET INCOME $ 46,580 $ 46,310 $ 80,871 $ 82,124
BASIC EARNINGS PER SHARE $ 2.12 $ 1.91 $ 3.57 $ 3.38
Weighted average common shares outstanding 21,057 23,312 21,753 23,377
DILUTED EARNINGS PER SHARE $ 2.12 $ 1.91 $ 3.57 $ 3.38
Weighted average common shares outstanding 21,070 23,315 21,762 23,380
CASH DIVIDENDS PER COMMON SHARE $ 0.23 $ 0.20 $ 0.45 $ 0.40
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net Income (Loss) Attributable to Parent [Abstract]        
NET INCOME $ 46,580 $ 46,310 $ 80,871 $ 82,124
Other comprehensive income (loss), net of taxes:        
Foreign currency translation adjustment (6,068) 9,999 (3,913) (20,595)
Net unrealized gain (loss) on interest rate risk management activities, net of tax (3,480) 3,784 (12,507) (762)
Unrealized gain (loss) arising during the period, net of tax benefit (provision) of $3,373, ($1,082), $10,058 and $2,825 respectively (5,621) 1,804 (16,763) (4,709)
Reclassification adjustment for gain (loss) included in interest expense, net of tax provision of $1,285, $1,188, $2,553 and $2,368 respectively 2,141 1,980 4,256 3,947
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES (9,548) 13,783 (16,420) (21,357)
COMPREHENSIVE INCOME $ 37,032 $ 60,093 $ 64,451 $ 60,767
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Statement of Comprehensive Income [Abstract]        
Tax (benefit) provision of unrealized loss on interest rate swap $ 3,373 $ (1,082) $ 10,058 $ 2,825
Tax provision of reclassification adjustment $ 1,285 $ 1,188 $ 2,553 $ 2,368
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Stockholders' Equity - 6 months ended Jun. 30, 2016 - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in-Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance, shares at Dec. 31, 2015   25,706        
Beginning balance at Dec. 31, 2015 $ 918,252 $ 257 $ 291,092 $ 926,169 $ (137,984) $ (161,282)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 80,871 0 0 80,871 0 0
Other comprehensive income (loss), net of tax (16,420) 0 0 0 (16,420) 0
Treasury Stock, Value, Acquired, Cost Method (115,246) $ 0 0 0 0 (115,246)
Stock Issued During Period, Shares, Employee Stock Purchase Plans   (4)        
Stock Issued During Period, Value, Employee Stock Purchase Plan 135 $ 0 16,261 0 0 16,396
Stock-based compensation 10,056 0 10,056 0 0 0
Cash dividends (10,096) $ 0 0 (10,096) 0 0
Ending balance, shares at Jun. 30, 2016   25,702        
Ending balance at Jun. 30, 2016 $ 867,552 $ 257 284,887 $ 996,944 $ (154,404) $ (260,132)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation     $ (85)      
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Stockholders' Equity Consolidated Statement of Stockholders' Equity (Parenthetical)
$ in Thousands
6 Months Ended
Jun. 30, 2016
USD ($)
Additional Paid-in Capital [Member]  
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation $ (85)
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 80,871 $ 82,124
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 25,177 23,630
Deferred income taxes 7,984 8,100
ASSET IMPAIRMENTS 1,956 1,039
Stock-based compensation 10,169 9,453
Amortization of debt discount and issue costs 2,085 1,812
Gain (Loss) on Disposition of Assets 617 1,507
Tax effect from excess stock-based compensation 85 (1,439)
Other 499 2,278
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 15,473 31,197
Accounts and notes receivable 8,564 1,399
Inventories (22,080) (88,738)
Contracts-in-transit and vehicle receivables 44,667 3,243
Prepaid expenses and other assets 15,573 3,427
Floorplan notes payable - manufacturer affiliates (17,268) 4,876
Deferred revenues (271) (319)
Net cash provided by operating activities 172,867 80,575
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received (54,739) (130,783)
Proceeds from disposition of franchises, property and equipment 13,985 7,339
Purchases of property and equipment, including real estate (70,272) (48,486)
Other 3,156 6,294
Net cash used in investing activities (107,870) (165,636)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - Floorplan Line 3,373,126 3,550,526
Repayments on credit facility - Floorplan Line (3,325,917) (3,466,772)
Borrowings on credit facility - acquisition line 150,020 346,050
Repayment on credit facility - acquisition line (140,020) (324,222)
Borrowings on other debt 19,653 25,744
Principal payments on other debt (22,248) (26,942)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 30,754 22,430
Principal payments of long-term debt related to real estate loans (12,215) (14,359)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 136 (1,113)
Repurchases of common stock, amounts based on settlement date (115,246) (33,121)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net (85) 1,439
Dividends paid (10,124) (9,737)
Proceeds from (Payments for) Other Financing Activities (3,159) 0
Net cash provided by (used in) financing activities (55,325) 69,923
Effect of Exchange Rate on Cash and Cash Equivalents 2,256 (1,612)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,928 (16,750)
CASH AND CASH EQUIVALENTS, beginning of period 13,037 40,975
CASH AND CASH EQUIVALENTS, end of period 24,965 24,225
SUPPLEMENTAL CASH FLOW INFORMATION:    
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses $ 21,241 $ 5,731
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Interim Financial Information
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Interim Financial Information
INTERIM FINANCIAL INFORMATION
Business and Organization
Group 1 Automotive, Inc., a Delaware corporation, is a leading operator in the automotive retailing industry with business activities in 14 states in the United States of America ("U.S."), 19 towns in the United Kingdom ("U.K.") and four states in Brazil. Group 1 Automotive, Inc. and its subsidiaries are collectively referred to as the "Company" in these Notes to Consolidated Financial Statements.
The Company, through its regions, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. As of June 30, 2016, the Company’s U.S. retail network consisted of the following two regions (with the number of dealerships they comprised): (a) the East (37 dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, and South Carolina), and (b) the West (77 dealerships in California, Kansas, Louisiana, Oklahoma, and Texas). The U.S. regional vice presidents report directly to the Company's Chief Executive Officer and are responsible for the overall performance of their regions, as well as for overseeing the market directors and dealership general managers that report to them. In addition, as of June 30, 2016, the Company had two international regions: (a) the U.K. region, which consisted of 29 dealerships in the U.K. and (b) the Brazil region, which consisted of 18 dealerships in Brazil. The operations of the Company's international regions are structured similarly to the U.S. regions, each with a regional vice president reporting directly to the Company's Chief Executive Officer.
The Company's operating results are generally subject to seasonal variations, as well as changes in the economic environment. This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some markets within the U.S., vehicle purchases decline during the winter months due to inclement weather. As a result, U.S. revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. For the U.K., the first and third calendar quarters tend to be stronger, driven by plate change months of March and September. For Brazil, the Company expects higher volumes in the third and fourth calendar quarters. The first quarter is generally the weakest, driven by heavy consumer vacations and activities associated with Carnival. Other factors unrelated to seasonality, such as changes in economic condition, manufacturer incentive programs, or shifts in governmental taxes or regulations may exaggerate seasonal or cause counter-seasonal fluctuations in the Company's revenues and operating income.
Basis of Presentation
The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal and recurring nature considered necessary for a fair presentation have been included in the accompanying unaudited condensed Consolidated Financial Statements. Due to seasonality and other factors, the results of operations for the interim period are not necessarily indicative of the results that will be realized for any other interim period or for the entire fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Form 10-K”).
All business acquisitions completed during the periods presented have been accounted for using the purchase method of accounting, and their results of operations are included from the effective dates of the closings of the acquisitions. The allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on estimates of fair value and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). All intercompany balances and transactions have been eliminated in consolidation.
Business Segment Information
The Company, through its regions, conducts business in the automotive retailing industry including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has three reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments 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. See Note 14, "Segment Information," for additional details regarding the Company's reportable segments.
Variable Interest Entity
In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services for a variable fee, both of which constitute variable interests in the entity. The Company's exposure to loss as a result of its involvement in the entity includes the balance outstanding under the loan arrangement. The Company holds an 8% equity ownership interest in the entity. The Company has determined that the entity meets the criteria of a variable interest entity ("VIE"). The terms of the loan and services agreements provide the Company with the right to control the activities of the VIE that most significantly impact the VIE's economic performance, the obligation to absorb potentially significant losses of the VIE and the right to receive potentially significant benefits from the VIE. Accordingly, the Company qualified as the VIE's primary beneficiary and consolidated the assets and liabilities of the VIE as of June 30, 2016 and December 31, 2015, as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to June 30, 2016. The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of June 30, 2016 and December 31, 2015, are as follows (in thousands):
 
 
June 30, 2016
 
December 31, 2015
Current assets
 
$
12,721

 
$
12,849

Non-current assets
 
13,489

 
11,022

Total assets
 
$
26,210

 
$
23,871

Current liabilities
 
$
9,783

 
$
8,257

Non-current liabilities
 
20,935

 
17,064

Total liabilities
 
$
30,718

 
$
25,321


Recently Adopted Accounting Pronouncements
In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of $14.1 million, which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation.
In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU were to be applied retrospectively and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of $0.5 million and $3.6 million, which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation.
In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments. The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU were to be applied prospectively to adjustments to provisional amounts that occur after the effective date and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements.
Recent Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements.
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments in this ASU relate to the accounting of leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. The amendment addresses several aspects of the accounting for share-based payment award transactions, including: income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. The amendment replaces the current incurred loss impairment methodology of recognizing credit losses when a loss is probable, with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to assess credit loss estimates. The standard will be effective for fiscal years beginning after December 15, 2019, with early adoption permitted for periods after December 15, 2018. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Acquisitions and Dispositions Acquisitions and Dispositions
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]
ACQUISITIONS AND DISPOSITIONS
During the six months ended June 30, 2016, the Company acquired 12 U.K. dealerships, inclusive of 17 franchises. The Company also acquired one dealership and opened two dealerships in Brazil for two acquired and two previously awarded franchises. Aggregate consideration paid for these dealerships totaled $60.4 million, including the associated real estate and goodwill. Also, included in the consideration paid was $3.9 million of cash received in the acquisition of the dealerships and a payable to sellers as of June 30, 2016 of $1.8 million. The purchase price has been allocated based upon the consideration paid and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The allocation of the purchase price is preliminary and based on estimates and assumptions that are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). In addition, during the six months ended June 30, 2016, the Company disposed of two U.S. dealerships and four dealerships in Brazil. As a result of these U.S. and Brazil dealership dispositions, a net pretax gain of $0.7 million and a net pretax loss of $1.4 million, respectively, were recognized for the six months ended June 30, 2016.
During the six months ended June 30, 2015, the Company acquired two U.S. dealerships, sold one U.S. dealership and terminated one U.S. dealership franchise. The Company also terminated two franchises in Brazil. As a result of these dispositions, a net pretax gain of $0.7 million, including related asset impairments, was recognized for the three and six months ended June 30, 2015.
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Risk Management Activities
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES
DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES
The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, “Credit Facilities”) and certain variable-rate real estate related borrowings in the U.S. are indexed to the one-month London Inter Bank Offered Rate (“LIBOR”), plus an associated company credit risk rate. In order to minimize the earnings variability related to fluctuations in these rates, the Company employs an interest rate hedging strategy, whereby it enters into arrangements with various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure for a fixed interest rate over terms not to exceed the related variable-rate debt.
The Company presents the fair value of all derivatives on its Consolidated Balance Sheets. The Company measures the fair value of its interest rate derivative instruments utilizing an income approach valuation technique, converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes the option-pricing Black-Scholes present value technique for all of its derivative instruments. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service provider, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments and contract maturity. The fair value estimate of the interest rate derivative instruments also considers the credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. The credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year rate according to Standard and Poor’s. The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from independent sources, which is readily observable or can be corroborated by observable market data for substantially the full term of the derivative instrument. Further, the valuation measurement inputs minimize the use of unobservable inputs. Accordingly, the Company has classified the derivatives within Level 2 of the hierarchy framework as described by Accounting Standards Codification ("ASC") 820, Fair Value Measurement.
The related gains or losses on these interest rate derivatives are deferred in stockholders’ equity as a component of accumulated other comprehensive loss. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in other income or expense. Monthly contractual settlements of these swap positions are recognized as floorplan or other interest expense in the Company’s accompanying Consolidated Statements of Operations. All of the Company’s interest rate hedges are designated as cash flow hedges. At June 30, 2016, all of the Company’s derivative contracts that were in effect were determined to be effective. The Company had no gains or losses related to ineffectiveness or amounts excluded from effectiveness testing recognized in the Consolidated Statements of Operations for either the three or six months ended June 30, 2016 or 2015, respectively.
The Company held interest rate swaps in effect as of June 30, 2016 of $616.7 million in notional value that fixed its underlying one-month LIBOR at a weighted average rate of 2.6%. The Company records the majority of the impact of the periodic settlements of these swaps as a component of floorplan interest expense. For the three and six months ended June 30, 2016, the impact of the Company’s interest rate hedges in effect increased floorplan interest expense by $2.9 million and $5.6 million, respectively. For the three and six months ended June 30, 2015, the impact of the Company's interest rate hedges in effect increased floorplan interest expense by $2.8 million and $5.5 million, respectively. Total floorplan interest expense was $11.6 million and $10.0 million for the three months ended June 30, 2016 and 2015, respectively, and $22.6 million and $19.4 million for the six months ended June 30, 2016 and 2015, respectively.
In addition to the $616.7 million of swaps in effect as of June 30, 2016, the Company held 17 additional interest rate swaps with forward start dates between December 2016 and January 2019 and expiration dates between December 2019 and December 2021. The aggregate notional value of these 17 forward-starting swaps was $850.0 million, and the weighted average interest rate was 2.3%. The combination of the interest rate swaps currently in effect and these forward-starting swaps is structured such that the notional value in effect through March 2023 does not exceed $908.6 million, which is less than the Company's expectation for variable rate debt outstanding during such period.
As of June 30, 2016 and December 31, 2015, the Company reflected liabilities from interest rate risk management activities of $51.1 million and $31.2 million, respectively, in its Consolidated Balance Sheets. Included in Accumulated Other Comprehensive Loss at June 30, 2016 and 2015 were accumulated unrealized losses, net of income taxes, totaling $32.0 million and $18.7 million, respectively, related to these interest rate swaps.
The following table presents the impact during the current and comparative prior year periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.
 
 
Amount of Unrealized Loss, Net of Tax, Recognized in Other Comprehensive Income (Loss)

 
 
Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationship
 
2016
 
2015
 
 
(In thousands)
Interest rate swap contracts
 
$
(16,763
)
 
$
(4,709
)
 
 
 
 
 
 
 
Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations

Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations
 
Six Months Ended June 30,
 
2016
 
2015
 
 
(In thousands)
Floorplan interest expense
 
$
(5,623
)
 
$
(5,470
)
Other interest expense
 
(1,186
)
 
(845
)
The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is $13.8 million.
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation Plans
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS
The Company provides stock-based compensation benefits to employees and non-employee directors pursuant to its 2014 Long Term Incentive Plan (the "Incentive Plan"), as well as to employees pursuant to its Employee Stock Purchase Plan, as amended (the "Purchase Plan", formerly named the 1998 Employee Stock Purchase Plan).
Long Term Incentive Plan
The Incentive Plan provides for the grant of options (including options qualified as incentive stock options under the Internal Revenue Code of 1986 and options that are non-qualified), restricted stock, performance awards, bonus stock, and phantom stock to the Company's employees, consultants, non-employee directors and officers. The Incentive Plan expires on May 21, 2024. The terms of the awards (including vesting schedules) are established by the Compensation Committee of the Company’s Board of Directors. As of June 30, 2016, there were 1,241,041 shares available for issuance under the Incentive Plan.
Restricted Stock Awards
Under the Incentive Plan, the Company grants to non-employee directors and certain employees restricted stock awards or, at their election, restricted stock units at no cost to the recipient. Restricted stock awards qualify as participating securities as each award contains non-forfeitable rights to dividends. As such, the two-class method is required for the computation of earnings per share. See Note 5, “Earnings Per Share,” for further details. Restricted stock awards are considered outstanding at the date of grant but are subject to vesting periods upon issuance up to five years. Restricted stock units are considered vested at the time of issuance, however, since they cannot vote, they are not considered outstanding when issued. Restricted stock units settle in cash upon the termination of the grantees’ employment or directorship. In the event an employee or non-employee director terminates his or her employment or directorship with the Company prior to the lapse of the restrictions, the shares, in most cases, will be forfeited to the Company. The Company issues new shares or treasury shares, if available, when restricted stock vests. Compensation expense for restricted stock awards is calculated based on the market price of the Company’s common stock at the date of grant and recognized over the requisite service period. Forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period. This estimate is adjusted annually based on the extent to which actual or expected forfeitures differ from the previous estimate.
A summary of the restricted stock awards as of June 30, 2016, along with the changes during the six months then ended, is as follows:
 
 
Awards
 
Weighted Average
Grant Date
Fair Value
Nonvested at December 31, 2015
 
893,360

 
$
69.16

Granted
 
224,520

 
53.82

Vested
 
(215,980
)
 
57.59

Forfeited
 
(12,360
)
 
75.66

Nonvested at June 30, 2016
 
889,540

 
$
68.03


Employee Stock Purchase Plan
The Purchase Plan authorizes the issuance of up to 4.5 million shares of common stock and provides that no options to purchase shares may be granted under the Purchase Plan after May 19, 2025. The Purchase Plan is available to all employees of the Company and its participating subsidiaries and is a qualified plan as defined by Section 423 of the Internal Revenue Code. At the end of each fiscal quarter (the “Option Period”) during the term of the Purchase Plan, employees can acquire shares of common stock from the Company at 85% of the fair market value of the common stock on the first or the last day of the Option Period, whichever is lower. As of June 30, 2016, there were 1,329,013 shares available for issuance under the Purchase Plan. During the six months ended June 30, 2016 and 2015, the Company issued 44,806 and 51,748 shares, respectively, of common stock to employees participating in the Purchase Plan. With respect to shares issued under the Purchase Plan, the Company's Board of Directors has authorized specific share repurchases to fund the shares issuable under the Purchase Plan.
The weighted average fair value of employee stock purchase rights issued pursuant to the Purchase Plan was $14.11 and $18.12 during the six months ended June 30, 2016 and 2015, respectively. The fair value of stock purchase rights is calculated using the grant date stock price, the value of the embedded call option and the value of the embedded put option.
Stock-Based Compensation
Total stock-based compensation cost was $4.7 million and $4.6 million for the three months ended June 30, 2016 and 2015, respectively, and $10.2 million and $9.5 million for the six months ended June 30, 2016 and 2015, respectively. Cash received from Purchase Plan purchases was $3.9 million and $3.8 million for the six months ended June 30, 2016 and 2015, respectively. The effect of tax deductions for restricted stock vested was less than the associated book expense previously recognized, which reduced additional paid-in capital by $0.1 million for the six months ended June 30, 2016. Comparatively, the tax benefit realized for the tax deductions from vesting of restricted shares totaled $1.4 million and increased additional paid in capital for the six months ended June 30, 2015.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The two-class method is utilized for the computation of the Company's earnings per share (“EPS”). The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, including the Company’s restricted stock awards. Income allocated to these participating securities is excluded from net earnings available to common shares, as shown in the table below. Basic EPS is computed by dividing net income available to basic common shares by the weighted average number of basic common shares outstanding during the period. Diluted EPS is computed by dividing net income available to diluted common shares by the weighted average number of dilutive common shares outstanding during the period.
The following table sets forth the calculation of EPS for the three and six months ended June 30, 2016 and 2015.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
21,057

 
23,312

 
21,753

 
23,377

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
13

 
3

 
9

 
3

Weighted average dilutive common shares outstanding
 
21,070

 
23,315

 
21,762

 
23,380

Basic:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,885

 
1,792

 
3,224

 
3,176

 Earnings available to basic common shares
 
$
44,695

 
$
44,518

 
$
77,647

 
$
78,948

 Basic earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

Diluted:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,884

 
1,792

 
3,223

 
3,176

 Earnings available to diluted common shares
 
$
44,696

 
$
44,518

 
$
77,648

 
$
78,948

 Diluted earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The Company is subject to U.S. federal income taxes and income taxes in numerous U.S. states. In addition, the Company is subject to income tax in the U.K. and Brazil relative to its foreign subsidiaries. The Company's effective income tax rate of 32.6% and 34.3% of pretax income for the three and six months ended June 30, 2016, respectively, was less than the U.S. federal statutory rate of 35.0% due primarily to the mix of pretax income between our U.S and foreign jurisdictions in which the Company operates and the tax impact of a dealership disposition in Brazil, partially offset by taxes provided for in U.S. state jurisdictions and valuation allowances provided for net operating losses and other deferred tax assets in certain U.S states and in Brazil.
For the three and six months ended June 30, 2016, the Company's effective tax rate decreased to 32.6% and 34.3%, respectively, as compared to 37.2% and 37.4% for the same periods in 2015. This decrease was primarily due to the mix effect resulting from proportionately more pretax income generated in the Company's U.K. region, as well as changes to valuation allowances provided for net operating losses and other deferred tax assets in certain U.S. states and in Brazil, in addition to the tax impact of a dealership disposition in Brazil during the period ended June 30, 2016.
As of June 30, 2016 and December 31, 2015, the Company had no unrecognized tax benefits with respect to uncertain tax positions and did not incur any interest and penalties nor did it accrue any interest for the six months ended June 30, 2016. When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense.
Taxable years 2011 and subsequent remain open for examination by the Company’s major taxing jurisdictions.
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts
6 Months Ended
Jun. 30, 2016
Balance Sheet Related Disclosures [Abstract]  
Detail Of Certain Balance Sheet Accounts
DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS
Accounts and notes receivable consisted of the following: 
 
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(In thousands)
Amounts due from manufacturers
 
$
87,125

 
$
93,206

Parts and service receivables
 
33,651

 
32,479

Finance and insurance receivables
 
21,381

 
22,374

Other
 
12,039

 
12,913

Total accounts and notes receivable
 
154,196

 
160,972

Less allowance for doubtful accounts
 
2,541

 
3,204

Accounts and notes receivable, net
 
$
151,655

 
$
157,768


Inventories consisted of the following: 
 
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(In thousands)
New vehicles
 
$
1,258,485

 
$
1,262,797

Used vehicles
 
316,070

 
275,508

Rental vehicles
 
142,626

 
134,509

Parts, accessories and other
 
74,964

 
72,917

Total inventories
 
1,792,145

 
1,745,731

Less lower of cost or market reserves
 
8,031

 
7,980

Inventories, net
 
$
1,784,114

 
$
1,737,751


New and used vehicles are valued at the lower of specific cost or market and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost (determined on either a first-in, first-out or an average cost basis) or market.
Property and equipment consisted of the following:
 
 
Estimated Useful Lives in Years
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(dollars in thousands)
Land
 
 
$
378,715

 
$
364,475

Buildings
 
30 to 50
 
525,097

 
505,414

Leasehold improvements
 
varies
 
160,866

 
155,585

Machinery and equipment
 
7 to 20
 
96,562

 
90,993

Furniture and fixtures
 
3 to 10
 
86,882

 
82,688

Company vehicles
 
3 to 5
 
11,789

 
11,603

Construction in progress
 
 
72,906

 
58,361

Total
 
 
 
1,332,817

 
1,269,119

Less accumulated depreciation
 
 
 
251,585

 
235,138

Property and equipment, net
 
 
 
$
1,081,232

 
$
1,033,981


During the six months ended June 30, 2016, the Company incurred $50.9 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities, excluding $32.7 million of capital expenditures accrued as of December 31, 2015. As of June 30, 2016, the Company had accrued $21.2 million of capital expenditures. In addition, the Company purchased real estate (including land and buildings) during the six months ended June 30, 2016 associated with existing dealership operations totaling $7.9 million. And, in conjunction with the acquisition of dealerships and franchises in the six months ended June 30, 2016, the Company acquired $28.8 million of real estate and other property and equipment.
As of December 31, 2015, the Company determined that certain real estate investments qualified for held-for-sale treatment. As a result, the Company classified the carrying value after adjustment to estimated fair market value of the real estate, totaling $1.4 million, in prepaid and other current assets in its Consolidated Balance Sheets.
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Credit Facilities
6 Months Ended
Jun. 30, 2016
Line of Credit Facility [Abstract]  
CREDIT FACILITIES
CREDIT FACILITIES
In the U.S., the Company has a $1.8 billion revolving syndicated credit arrangement that matures on June 17, 2021 and is comprised of 24 financial institutions, including six manufacturer-affiliated finance companies (“Revolving Credit Facility”). The Company also has a $300.0 million floorplan financing arrangement (“FMCC Facility”) with Ford Motor Credit Company (“FMCC”) for financing of new Ford vehicles in the U.S. and other floorplan financing arrangements with several other automobile manufacturers for financing of a portion of its U.S. rental vehicle inventory. In the U.K., the Company has financing arrangements with BMW Financial Services, Volkswagen Finance and FMCC for financing of its new and used vehicles. In Brazil, the Company has financing arrangements for new, used, and rental vehicles with several financial institutions, most of which are manufacturer affiliated. Within the Company's Consolidated Balance Sheets, Floorplan notes payable - credit facility and other primarily reflects amounts payable for the purchase of specific new, used and rental vehicle inventory (with the exception of new and rental vehicle purchases financed through lenders affiliated with the respective manufacturer) whereby financing is provided by the Revolving Credit Facility. Floorplan notes payable - manufacturer affiliates reflects amounts related to the purchase of vehicles whereby financing is provided by the FMCC Facility, the financing of a portion of the Company's rental vehicles in the U.S., as well as the financing of new, used, and rental vehicles in both the U.K. and Brazil. Payments on the floorplan notes payable are generally due as the vehicles are sold. As a result, these obligations are reflected in the accompanying Consolidated Balance Sheets as current liabilities.
Revolving Credit Facility
On June 17, 2016, the Company amended its Revolving Credit Facility principally to increase the total borrowing capacity from $1.7 billion to $1.8 billion and to extend the term from an expiration date of June 20, 2018 to June 17, 2021. The Revolving Credit Facility consists of two tranches, providing a maximum of $1.75 billion for U.S. vehicle inventory floorplan financing (“Floorplan Line”), as well as a maximum of $360.0 million and a minimum of $50.0 million for working capital and general corporate purposes, including acquisitions (“Acquisition Line”). The capacity under these two tranches can be re-designated within the overall $1.8 billion commitment, subject to the aforementioned limits. Up to $125.0 million of the Acquisition Line can be borrowed in either euros or British pound sterling. The Revolving Credit Facility can be expanded to a maximum commitment of $2.1 billion, subject to participating lender approval. The Floorplan Line bears interest at rates equal to the LIBOR plus 125 basis points for new vehicle inventory and the LIBOR plus 150 basis points for used vehicle inventory. The Acquisition Line bears interest at the LIBOR plus 150 basis points plus a margin that ranges from zero to 100 basis points, depending on the Company's total adjusted leverage ratio, for borrowings in U.S. dollars and a LIBOR equivalent plus 125 to 250 basis points, depending on the Company's total adjusted leverage ratio, on borrowings in euros or British pound sterling. The Floorplan Line requires a commitment fee of 0.15% per annum on the unused portion. Amounts borrowed by the Company under the Floorplan Line for specific vehicle inventory are to be repaid upon the sale of the vehicle financed, and in no case is a borrowing for a vehicle to remain outstanding for greater than one year. The Acquisition Line also requires a commitment fee ranging from 0.20% to 0.45% per annum, depending on the Company’s total adjusted leverage ratio, based on a minimum commitment of $50.0 million less outstanding borrowings. In conjunction with the Revolving Credit Facility, the Company has $5.9 million of related unamortized costs as of June 30, 2016, which are included in Prepaid expenses and other current assets and Other Assets on the accompanying Consolidated Balance Sheets and amortized over the term of the facility.
After considering the outstanding balance of $1,198.1 million at June 30, 2016, the Company had $241.9 million of available floorplan borrowing capacity under the Floorplan Line. Included in the $241.9 million available borrowings under the Floorplan Line was $35.5 million of immediately available funds. The weighted average interest rate on the Floorplan Line was 1.7% as of June 30, 2016 and December 31, 2015, excluding the impact of the Company’s interest rate swaps. With regards to the Acquisition Line, borrowings outstanding as of June 30, 2016 and December 31, 2015 were $10.0 million and zero, respectively. After considering $37.1 million of outstanding letters of credit and other factors included in the Company’s available borrowing base calculation, there was $252.3 million of available borrowing capacity under the Acquisition Line as of June 30, 2016. The amount of available borrowing capacity under the Acquisition Line is limited from time to time based upon certain debt covenants.
All of the U.S. dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility. The Company’s obligations under the Revolving Credit Facility are secured by essentially all of the Company's U.S. personal property (other than equity interests in dealership-owning subsidiaries), including all motor vehicle inventory and proceeds from the disposition of dealership-owning subsidiaries, excluding inventory financed directly with manufacturer-affiliates and other third-party financing institutions. The Revolving Credit Facility contains a number of significant covenants that, among other things, restrict the Company’s ability to make disbursements outside of the ordinary course of business, dispose of assets, incur additional indebtedness, create liens on assets, make investments and engage in mergers or consolidations. The Company is also required to comply with specified financial tests and ratios defined in the Revolving Credit Facility, such as the fixed charge coverage and total adjusted leverage ratios. Further, the Revolving Credit Facility restricts the Company’s ability to make certain payments, such as dividends or other distributions of assets, properties, cash, rights, obligations or securities (“Restricted Payments”). The Restricted Payments cannot exceed the sum of $208.5 million plus (or minus if negative) (a) one-half of the aggregate consolidated net income for the period beginning on April 1, 2014 and ending on the date of determination and (b) the amount of net cash proceeds received from the sale of capital stock after June 2, 2014 and ending on the date of determination less (c) cash dividends and share repurchases after June 2, 2014 (“Credit Facility Restricted Payment Basket”). For purposes of the calculation of the Credit Facility Restricted Payment Basket, net income represents such amounts per the consolidated financial statements adjusted to exclude the Company’s foreign operations, non-cash interest expense, non-cash asset impairment charges, and non-cash stock-based compensation. As of June 30, 2016, the Credit Facility Restricted Payment Basket totaled $108.8 million. As of June 30, 2016, the Company was in compliance with all applicable covenants and ratios under the Revolving Credit Facility.
Ford Motor Credit Company Facility
The FMCC Facility provides for the financing of, and is collateralized by, the Company’s Ford new vehicle inventory in the U.S., including affiliated brands. This arrangement provides for $300.0 million of floorplan financing and is an evergreen arrangement that may be canceled with 30 days' notice by either party. As of June 30, 2016, the Company had an outstanding balance of $159.0 million under the FMCC Facility with an available floorplan borrowing capacity of $141.0 million. Included in the $141.0 million available borrowings under the FMCC Facility was $27.5 million of immediately available funds. This facility bears interest at a rate of Prime plus 150 basis points minus certain incentives. The interest rate on the FMCC Facility was 5.00% before considering the applicable incentives as of June 30, 2016.
Other Credit Facilities
The Company has credit facilities with BMW Financial Services, Volkswagen Finance and FMCC for the financing of new, used and rental vehicle inventories related to its U.K. operations. These facilities are denominated in British pound sterling and are evergreen arrangements that may be canceled with notice by either party and bear interest at a base rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities range from 1.73% to 3.95%. As of June 30, 2016, borrowings outstanding under these facilities totaled $83.8 million.
The Company has credit facilities with financial institutions in Brazil, most of which are affiliated with the manufacturers, for the financing of new, used and rental vehicle inventories related to its Brazil operations. These facilities are denominated in Brazilian real and have renewal terms ranging from one month to twelve months. They may be canceled with notice by either party and bear interest at a benchmark rate, plus a surcharge that varies based upon the type of vehicle being financed. The annual interest rates charged on borrowings outstanding under these facilities, after the grace period of zero to 90 days, range from 16.77% to 24.45%. As of June 30, 2016, borrowings outstanding under these facilities totaled $16.7 million.
Excluding rental vehicles financed through the Revolving Credit Facility, financing for U.S. rental vehicles is typically obtained directly from the automobile manufacturers. These financing arrangements generally require small monthly payments and mature in varying amounts over a period of two years. The interest rate charged on borrowings related to the Company’s rental vehicle fleet varies up to 5.00%. Rental vehicles are typically transferred to used vehicle inventory when they are removed from service and repayment of the borrowing is required at that time. As of June 30, 2016, borrowings outstanding under these facilities totaled $116.0 million.
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
LONG-TERM DEBT
LONG-TERM DEBT
The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following:
 
 
June 30, 2016
 
December 31, 2015
 
 
(dollars in thousands)
5.00% Senior Notes (aggregate principal of $550,000 at June 30, 2016 and December 31, 2015)
 
$
539,690

 
$
538,933

5.25% Senior Notes (aggregate principal of $300,000 at June 30, 2016 and December 31, 2015)
 
295,320

 
295,156

Acquisition Line
 
10,000

 

Real Estate Related and Other Long-Term Debt
 
389,593

 
365,564

Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8%
 
49,727

 
51,902

 
 
1,284,330

 
1,251,555

Less current maturities of other long-term debt
 
33,390

 
52,021

 
 
$
1,250,940

 
$
1,199,534


Included in current maturities of long-term debt and short-term financing in the Company's Consolidated Balance Sheets as of June 30, 2016, and December 31, 2015, was $9.6 million and $3.0 million, respectively, of short-term financing that was due within one year.
5.00% Senior Notes
On June 2, 2014, the Company issued $350.0 million aggregate principal amount of its 5.00% Senior Notes due 2022("5.00% Notes"). Subsequently, on September 9, 2014, the Company issued an additional $200.0 million of 5.00% Notes at a discount of 1.5% from face value. The 5.00% Notes will mature on June 1, 2022 and pay interest semiannually, in arrears, in cash on each June 1 and December 1, beginning December 1, 2014. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.00% Notes prior to June 1, 2017, subject to certain conditions, at a redemption price equal to 105% of principal amount of the 5.00% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.00% Notes prior to June 1, 2017 at a redemption price equal to 100% of the principal amount of the 5.00% Notes redeemed, plus an applicable premium, and plus accrued and unpaid interest. On or after June 1, 2017, the Company may redeem some or all of the 5.00% Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the 5.00% Notes if it sells certain assets or triggers the change in control provisions defined in the 5.00% Notes indenture. The 5.00% Notes are senior unsecured obligations and rank equal in right of payment to all of the Company's existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The 5.00% Notes are guaranteed by substantially all of the Company's U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company's U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.00% Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.00% Notes is the same as under the Credit Facility Restricted Payment Basket. The 5.00% Notes were registered with the Securities and Exchange Commission in June 2015.
The underwriters' fees, discount and capitalized debt issuance costs relative to the 5.00% Notes totaled $13.1 million. These amounts are included as a direct reduction of the 5.00% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years in conjunction with the term of the 5.00% Notes. The 5.00% Notes are presented net of unamortized underwriters' fees, discount and debt issuance costs of $10.3 million as of June 30, 2016.
5.25% Senior Notes
On December 8, 2015, the Company issued 5.25% senior unsecured notes with a face amount of $300.0 million due to mature on December 15, 2023 (“5.25% Notes”). The 5.25% Notes pay interest semiannually, in arrears, in cash on each June 15 and December 15, beginning June 15, 2016. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.25% Notes prior to December 15, 2018, subject to certain conditions, at a redemption price equal to 105.25% of principal amount of the 5.25% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.25% Notes prior to December 15, 2018 at a redemption price equal to 100% of the principal amount of the 5.25% Notes redeemed, plus an applicable make-whole premium, and plus accrued and unpaid interest. On or after December 15, 2018, the Company may redeem some or all of the 5.25% Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the 5.25% Notes if it sells certain assets or triggers the change in control provisions defined in the 5.25% Notes indenture. The 5.25% Notes are senior unsecured obligations and rank equal in right of payment to all of the Company’s existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The 5.25% Notes are guaranteed by substantially all of the Company’s U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company’s U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.25% Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket calculation under the terms of the 5.25% Notes is the same as under the Credit Facility Restricted Payment Basket.
The underwriters' fees and capitalized debt issuance costs relative to the 5.25% Notes totaled $5.0 million. These amounts are included as a direct reduction of the 5.25% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years in conjunction with the term of the 5.25% Notes. The 5.25% Notes are presented net of unamortized underwriters' fees and debt issuance costs of $4.7 million as of June 30, 2016.
Acquisition Line
See Note 8, "Credit Facilities," for further discussion on the Company's Revolving Credit Facility and Acquisition Line.
Real Estate Related and Other Long-Term Debt
The Company, as well as certain of its wholly-owned subsidiaries, has entered into separate term mortgage loans in the U.S. with three of its manufacturer-affiliated finance partners, Toyota Motor Credit Corporation (“TMCC”), BMW Financial Services NA, LLC (“BMWFS”) and FMCC, as well as several third-party financial institutions (collectively, “Real Estate Notes”). The Real Estate Notes may be expanded for borrowings related to specific buildings and/or properties and are guaranteed by the Company. Each loan was made in connection with, and is secured by mortgage liens on, the real property owned by the Company that is mortgaged under the Real Estate Notes. The Real Estate Notes bear interest at fixed rates between 3.00% and 4.69%, and at variable indexed rates plus a spread between 1.50% and 2.50% per annum. The Company capitalized $2.7 million of related debt issuance costs related to the Real Estate Notes which are included as a direct reduction to the Real Estate Notes on the accompanying Consolidated Balance Sheets and are being amortized over the terms of the notes, $0.7 million of which remained unamortized as of June 30, 2016.
The Real Estate Notes consist of 54 term loans for an aggregate principal amount of $351.1 million. As of June 30, 2016, borrowings outstanding under these notes totaled $318.8 million, with $23.6 million classified as a current maturity of long-term debt. For the six months ended June 30, 2016, the Company made additional net borrowings and principal payments of $30.3 million and $7.7 million, respectively. The agreements provide for monthly payments based on 15 or 20-year amortization schedules and mature between May 2017 and December 2024. These Real Estate Notes are cross-collateralized and cross-defaulted with each other.
The Company has entered into 13 separate term mortgage loans in the U.K. with other third-party financial institutions which are secured by the Company’s U.K. properties. These mortgage loans (collectively, “U.K. Notes”) are denominated in British pound sterling and are being repaid in monthly installments that will mature by September 2034. As of June 30, 2016, borrowings under the U.K. Notes totaled $57.1 million, with $4.7 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the six months ended June 30, 2016, the Company assumed $8.3 million of term mortgage loans in conjunction with U.K. dealership acquisitions, made no additional borrowings and made principal payments of $2.4 million associated with the U.K. Notes.
The Company has a separate term mortgage loan in Brazil with a third-party financial institution (the "Brazil Note"). The Brazil Note is denominated in Brazilian real and is secured by one of the Company’s Brazilian properties, as well as a guarantee from the Company. The Brazil Note is being repaid in monthly installments that will mature by April 2025. As of June 30, 2016, borrowings under the Brazil Note totaled $4.1 million, with $0.4 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the six months ended June 30, 2016, the Company made no additional borrowings and made principal payments of $0.1 million associated with the Brazil Note.
The Company also has working capital loan agreements with third-party financial institutions in Brazil. The principal balance on these loans is due by February 2017 with interest only payments being made until the due date. As of June 30, 2016, borrowings under the Brazilian third-party loans totaled $6.8 million. For the six months ended June 30, 2016, the Company made no additional borrowings.
Fair Value of Long-Term Debt
The Company's outstanding 5.00% Notes had a fair value of $543.1 million and $545.9 million as of June 30, 2016 and December 31, 2015, respectively. The Company's outstanding 5.25% Notes had a fair value of $296.3 million and $297.8 million as of June 30, 2016 and December 31, 2015, respectively. The Company's fixed interest rate borrowings included in real estate related and other long-term debt totaled $97.3 million and $100.7 million as of June 30, 2016 and December 31, 2015, respectively. The fair value of such fixed interest rate borrowings was $98.5 million and $102.4 million as of June 30, 2016 and December 31, 2015, respectively. The fair value estimates are based on Level 2 inputs of the fair value hierarchy available as of June 30, 2016 and December 31, 2015. The Company determined the estimated fair value of its long-term debt using available market information and commonly accepted valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, these estimates are not necessarily indicative of the amounts that the Company, or holders of the instruments, could realize in a current market exchange. The use of different assumptions and/or estimation methodologies could have a material effect on estimated fair values. The carrying value of the Company’s variable rate debt approximates fair value due to the short-term nature of the interest rates.
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS
ASC 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date; and establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date:
Level 1 — unadjusted, quoted prices for identical assets or liabilities in active markets;
Level 2 — quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation; and
Level 3 — unobservable inputs based upon the reporting entity’s internally developed assumptions that market participants would use in pricing the asset or liability.
The Company’s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, investments in debt and equity securities, accounts payable, credit facilities, long-term debt and interest rate swaps. The fair values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence of variable interest rates. The Company evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC 820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria.
The Company periodically invests in unsecured, corporate demand obligations with manufacturer-affiliated finance companies, which bear interest at a variable rate and are redeemable on demand by the Company. Therefore, the Company has classified these demand obligations as cash and cash equivalents in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.
In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.
The Company's derivative financial instruments are recorded at fair market value. See Note 3, "Derivative Instruments and Risk Management Activities" for further details regarding the Company's derivative financial instruments. See Note 9, "Long-term Debt" for details regarding the fair value of the Company's long-term debt.
Assets and liabilities recorded at fair value in the accompanying balance sheets as of June 30, 2016 and December 31, 2015, respectively, were as follows:
 
 
As of June 30, 2016
 
 
Level 2
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
Investments
 
$
2,765

 
$
2,765

Demand obligations
 
$
132

 
$
132

Total
 
$
2,897

 
$
2,897

Liabilities:
 
 
 
 
Interest rate derivative financial instruments
 
$
51,134

 
$
51,134

Total
 
$
51,134

 
$
51,134

 
 
As of December 31, 2015
 
 
Level 2
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
Investments
 
$
4,235

 
$
4,235

Demand obligations
 
$
131

 
$
131

Interest rate derivative financial instruments
 
$
31

 
$
31

Total
 
$
4,397

 
$
4,397

Liabilities:
 
 
 
 
Interest rate derivative financial instruments
 
$
31,153

 
$
31,153

Total
 
$
31,153

 
$
31,153

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitments and Contingencies
6 Months Ended
Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES
From time to time, the Company’s dealerships are named in various types of litigation involving customer claims, employment matters, class action claims, purported class action claims, as well as claims involving the manufacturer of automobiles, contractual disputes and other matters arising in the ordinary course of business. Due to the nature of the automotive retailing business, the Company may be involved in legal proceedings or suffer losses that could have a material adverse effect on the Company’s business. In the normal course of business, the Company is required to respond to customer, employee and other third-party complaints. Amounts that have been accrued or paid related to the settlement of litigation are included in selling, general and administrative expenses in the Company’s Consolidated Statements of Operations. In addition, the manufacturers of the vehicles that the Company sells and services have audit rights allowing them to review the validity of amounts claimed for incentive, rebate or warranty-related items and charge the Company back for amounts determined to be invalid payments under the manufacturers’ programs, subject to the Company’s right to appeal any such decision. Amounts that have been accrued or paid related to the settlement of manufacturer chargebacks of recognized incentives and rebates are included in cost of sales in the Company’s Consolidated Statements of Operations, while such amounts for manufacturer chargebacks of recognized warranty-related items are included as a reduction of revenues in the Company’s Consolidated Statements of Operations.
Legal Proceedings
Currently, the Company is not party to any legal proceedings that, individually or in the aggregate, are reasonably expected to have a material adverse effect on the Company's results of operations, financial condition, or cash flows, including class action lawsuits. However, the results of current, or future, matters cannot be predicted with certainty, and an unfavorable resolution of one or more of such matters could have a material adverse effect on the Company's results of operations, financial condition, or cash flows.
Other Matters
The Company, acting through its subsidiaries, is the lessee under many real estate leases that provide for the use by the Company’s subsidiaries of their respective dealership premises. Pursuant to these leases, the Company’s subsidiaries generally agree to indemnify the lessor and other parties from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, or a breach of the lease by the lessee. Additionally, from time to time, the Company enters into agreements in connection with the sale of assets or businesses in which it agrees to indemnify the purchaser, or other parties, from certain liabilities or costs arising in connection with the assets or business. Also, in the ordinary course of business in connection with purchases or sales of goods and services, the Company enters into agreements that may contain indemnification provisions. In the event that an indemnification claim is asserted, liability would be limited by the terms of the applicable agreement.
From time to time, primarily in connection with dealership dispositions, the Company’s subsidiaries sublet to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships and continue to be primarily obligated on the lease. In these situations, the Company’s subsidiaries retain primary responsibility for the performance of certain obligations under such leases. To the extent that the Company remains primarily responsible under such leases, a quantification of such lease obligations is included in the Company's disclosure of future minimum lease payments for non-cancelable operating leases in Note 18, Operating Leases of the 2015 Form 10-K.
In certain instances, also in connection with dealership dispositions, the Company’s subsidiaries assign to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships. The Company’s subsidiaries may retain secondary responsibility for the performance of certain obligations under such leases to the extent that the assignee does not perform, if such performance is required following the assignment of the lease. Additionally, the Company and its subsidiaries may remain subject to the terms of a guaranty made by the Company and its subsidiaries in connection with such leases. In these circumstances, the Company generally has indemnification rights against the assignee in the event of non-performance under these leases, as well as certain defenses. The Company and its subsidiaries also may be called on to perform other obligations under these leases, such as environmental remediation of the leased premises or repair of the leased premises upon termination of the lease. However, potential environmental liabilities are generally known at the time of the sale of the dealership if not previously remediated. The Company does not have any known material environmental commitments or contingencies and presently has no reason to believe that it or its subsidiaries will be called on to so perform. Although not estimated to be material, the Company’s exposure under these leases is difficult to estimate and there can be no assurance that any performance of the Company or its subsidiaries required under these leases would not have a material adverse effect on the Company’s business, financial condition, or cash flows.
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Franchise Rights and Goodwill
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE FRANCHISE RIGHTS AND GOODWILL
INTANGIBLE FRANCHISE RIGHTS AND GOODWILL
The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment:
 
Intangible Franchise Rights
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2015
$
285,659

 
$
7,773

 
$
14,156

 
$
307,588

 
Additions through acquisitions

 
14,087

 

 
14,087

 
Currency translation

 
(1,903
)
 
3,202

 
1,299

 
BALANCE, June 30, 2016
$
285,659

 
$
19,957

 
$
17,358

 
$
322,974

 
 
Goodwill
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2015
$
809,775

 
$
35,320

 
$
9,820

 
$
854,915

(1) 
Additions through acquisitions

 
30,755

 
1,018

 
31,773

 
Purchase price allocation adjustments
39

 
1,077

 

 
1,116

 
Disposals
(2,035
)
 

 
(191
)
 
(2,226
)
 
Currency translation

 
(5,902
)
 
2,305

 
(3,597
)
 
BALANCE, June 30, 2016
$
807,779

 
$
61,250

 
$
12,952

 
$
881,981

(1) 
(1) Net of accumulated impairment of $97.8 million.
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE LOSS
Changes in the balances of each component of accumulated other comprehensive loss for the six months ended June 30, 2016 and 2015 were as follows: 
 
 
Six Months Ended June 30, 2016
 
 
Accumulated foreign currency translation loss
 
Accumulated loss on interest rate swaps
 
Total
 
 
(In thousands)
Balance, December 31, 2015
 
$
(118,532
)
 
$
(19,452
)
 
$
(137,984
)
Other comprehensive loss before reclassifications:
 
 
 
 
 

Pre-tax
 
(3,913
)
 
(26,821
)
 
(30,734
)
Tax effect
 

 
10,058

 
10,058

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 


Floorplan interest expense
 

 
5,623

 
5,623

Other interest expense
 

 
1,186

 
1,186

Tax effect
 

 
(2,553
)
 
(2,553
)
Net current period other comprehensive loss
 
(3,913
)
 
(12,507
)
 
(16,420
)
Balance, June 30, 2016
 
$
(122,445
)
 
$
(31,959
)
 
$
(154,404
)
 
 
Six Months Ended June 30, 2015
 
 
Accumulated foreign currency translation loss
 
Accumulated loss on interest rate swaps
 
Total
 
 
(In thousands)
Balance, December 31, 2014
 
$
(64,075
)
 
$
(17,909
)
 
$
(81,984
)
Other comprehensive loss before reclassifications:
 
 
 
 
 
 
Pre-tax
 
(20,595
)
 
(7,534
)
 
(28,129
)
Tax effect
 

 
2,825

 
2,825

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
 
Floorplan interest expense
 

 
5,470

 
5,470

Other interest expense
 

 
845

 
845

Tax effect
 

 
(2,368
)
 
(2,368
)
Net current period other comprehensive loss
 
(20,595
)
 
(762
)
 
(21,357
)
Balance, June 30, 2015
 
$
(84,670
)
 
$
(18,671
)
 
$
(103,341
)
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information Segment Information
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
As of June 30, 2016, 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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.
Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended June 30, 2016
 
 
Six Months Ended June 30, 2016
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,207,381

 
$
467,792

 
$
107,276

 
$
2,782,449

 
 
$
4,289,014

 
$
899,688

 
$
202,102

 
$
5,390,804

Income (loss) before income taxes
61,784

 
7,929

 
(651
)
 
69,062

 
 
111,989

 
13,449

 
(2,274
)
 
123,164

(Provision) benefit for income taxes
(22,854
)
 
(1,586
)
 
1,958

 
(22,482
)
 
 
(41,685
)
 
(2,756
)
 
2,148

 
(42,293
)
Net income (loss) (1)
$
38,930

 
$
6,343

 
$
1,307

 
$
46,580

 
 
70,304

 
10,693

 
(126
)
 
80,871

 
Three Months Ended June 30, 2015
 
 
Six Months Ended June 30, 2015
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,287,446

 
$
308,167

 
$
130,867

 
$
2,726,480

 
 
$
4,285,946

 
$
607,708

 
$
265,680

 
$
5,159,334

Income (loss) before income taxes
69,431

 
4,831

 
(485
)
 
73,777

 
 
122,589

 
9,951

 
(1,290
)
 
131,250

Provision for income taxes
(26,288
)
 
(1,010
)
 
(169
)
 
(27,467
)
 
 
(46,651
)
 
(2,009
)
 
(466
)
 
(49,126
)
Net income (loss)
$
43,143

 
$
3,821

 
$
(654
)
 
$
46,310

 
 
75,938

 
7,942

 
(1,756
)
 
82,124

(1) Includes the following, after tax: loss due to catastrophic events of $1.7 million and $3.4 million for the three and six months ended June 30, 2016, respectively, in the U.S. segment; and foreign deferred income tax benefit of $1.7 million for the three and six months ended June 30, 2016 in the Brazil segment.

Reportable segment total assets as of June 30, 2016 and December 31, 2015 were as follows:
 
As of June 30, 2016
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,874,447

 
$
485,596

 
$
140,757

 
$
4,500,800

 

 
As of December 31, 2015
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,923,001

 
$
358,476

 
$
115,239

 
$
4,396,716

 
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Financial Information Condensed Consolidated Financial Information
6 Months Ended
Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Consolidating Financial Information [Text Block]
15. CONDENSED CONSOLIDATING FINANCIAL INFORMATION
The following tables include condensed consolidating financial information as of June 30, 2016 and December 31, 2015, and for the three and six months ended June 30, 2016 and 2015, for Group 1 Automotive, Inc.’s (as issuer of the 5.00% Notes), guarantor subsidiaries and non-guarantor subsidiaries (representing foreign entities). The condensed consolidating financial information includes certain allocations of balance sheet, statement of operations and cash flows items that are not necessarily indicative of the financial position, results of operations or cash flows of these entities had they operated on a stand-alone basis. In accordance with Rule 3-10 of Regulation S-X, condensed consolidated financial statements of non-guarantors are not required. The Company has no assets or operations independent of its subsidiaries. Obligations under the 5.00% Senior Notes are fully and unconditionally and jointly and severally guaranteed on a senior unsecured basis by the Company’s current 100%-owned domestic subsidiaries and certain of the Company’s future domestic subsidiaries, with the exception of the Company’s “minor” subsidiaries (as defined by Rule 3-10 of Regulation S-X). There are no significant restrictions on the ability of the Company or subsidiary guarantors for the Company to obtain funds from its subsidiary guarantors by dividend or loan. None of the subsidiary guarantors’ assets represent restricted assets pursuant to SEC Rule 4-08(e)(3) of Regulation S-X.
CONDENSED CONSOLIDATED BALANCE SHEET
June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
ASSETS
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
5,495

 
$
19,470

 
$

 
$
24,965

Contracts-in-transit and vehicle receivables, net

 
173,024

 
39,280

 

 
212,304

Accounts and notes receivable, net

 
116,770

 
34,885

 

 
151,655

Intercompany accounts receivable

 
4,386

 

 
(4,386
)
 

Inventories, net

 
1,532,707

 
251,407

 

 
1,784,114

Prepaid expenses and other current assets
684

 
8,643

 
19,592

 

 
28,919

Total current assets
684

 
1,841,025

 
364,634

 
(4,386
)
 
2,201,957

PROPERTY AND EQUIPMENT, net

 
938,378

 
142,854

 

 
1,081,232

GOODWILL

 
807,781

 
74,200

 

 
881,981

INTANGIBLE FRANCHISE RIGHTS

 
285,659

 
37,315

 

 
322,974

INVESTMENT IN SUBSIDIARIES
2,584,017

 

 

 
(2,584,017
)
 

OTHER ASSETS

 
8,126

 
4,530

 

 
12,656

Total assets
$
2,584,701

 
$
3,880,969

 
$
623,533

 
$
(2,588,403
)
 
$
4,500,800

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
Floorplan notes payable — credit facility and other
$

 
$
1,233,518

 
$
5,702

 
$

 
$
1,239,220

Offset account related to floorplan notes payable - credit facility

 
(35,461
)
 

 

 
(35,461
)
Floorplan notes payable — manufacturer affiliates

 
302,504

 
94,791

 

 
397,295

Offset account related to floorplan notes payable - manufacturer affiliates

 
(27,500
)
 

 

 
(27,500
)
Current maturities of long-term debt and short-term financing

 
28,246

 
14,747

 

 
42,993

Accounts payable

 
158,500

 
154,719

 

 
313,219

Intercompany accounts payable
718,412

 

 
4,386

 
(722,798
)
 

Accrued expenses

 
156,948

 
25,160

 

 
182,108

Total current liabilities
718,412

 
1,816,755

 
299,505

 
(722,798
)
 
2,111,874

LONG-TERM DEBT, net of current maturities
845,010

 
340,094

 
65,836

 

 
1,250,940

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

 
49,438

 

 

 
49,438

DEFERRED INCOME TAXES AND OTHER LIABILITIES
(678
)
 
212,649

 
9,025

 

 
220,996

STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 

Group 1 stockholders’ equity
1,021,957

 
2,180,445

 
249,167

 
(2,584,017
)
 
867,552

Intercompany note receivable

 
(718,412
)
 

 
718,412

 

Total stockholders’ equity
1,021,957

 
1,462,033

 
249,167

 
(1,865,605
)
 
867,552

Total liabilities and stockholders’ equity
$
2,584,701

 
$
3,880,969

 
$
623,533

 
$
(2,588,403
)
 
$
4,500,800


CONDENSED CONSOLIDATED BALANCE SHEET
December 31, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
ASSETS
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
6,338

 
$
6,699

 
$

 
$
13,037

Contracts-in-transit and vehicle receivables, net

 
233,275

 
19,163

 

 
252,438

Accounts and notes receivable, net

 
132,078

 
25,690

 

 
157,768

Intercompany accounts receivable

 
1,192

 

 
(1,192
)
 

Inventories, net

 
1,533,166

 
204,585

 

 
1,737,751

Prepaid expenses and other current assets
5,312

 
8,946

 
13,118

 

 
27,376

Total current assets
5,312

 
1,914,995

 
269,255

 
(1,192
)
 
2,188,370

PROPERTY AND EQUIPMENT, net

 
916,338

 
117,643

 

 
1,033,981

GOODWILL

 
809,775

 
45,140

 

 
854,915

INTANGIBLE FRANCHISE RIGHTS

 
285,659

 
21,929

 

 
307,588

INVESTMENT IN SUBSIDIARIES
2,388,081

 

 

 
(2,388,081
)
 

OTHER ASSETS

 
5,950

 
5,912

 

 
11,862

Total assets
$
2,393,393

 
$
3,932,717

 
$
459,879

 
$
(2,389,273
)
 
$
4,396,716

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
Floorplan notes payable — credit facility and other
$

 
$
1,261,606

 
$
4,113

 
$

 
$
1,265,719

Offset account related to floorplan notes payable - credit facility

 
(110,759
)
 

 

 
(110,759
)
Floorplan notes payable — manufacturer affiliates

 
303,810

 
85,261

 

 
389,071

Offset account related to floorplan notes payable - manufacturer affiliates

 
(25,500
)
 

 

 
(25,500
)
Current maturities of long-term debt and short-term financing

 
47,015

 
7,976

 

 
54,991

Accounts payable

 
178,544

 
101,879

 

 
280,423

Intercompany accounts payable
503,333

 

 
1,192

 
(504,525
)
 

Accrued expenses

 
167,509

 
17,814

 

 
185,323

Total current liabilities
503,333

 
1,822,225

 
218,235

 
(504,525
)
 
2,039,268

LONG-TERM DEBT, net of current maturities
834,090

 
300,788

 
64,656

 

 
1,199,534

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

 
31,153

 

 

 
31,153

DEFERRED INCOME TAXES AND OTHER LIABILITIES
(265
)
 
203,824

 
4,950

 

 
208,509

STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 

Group 1 stockholders’ equity
1,056,235

 
2,078,060

 
172,038

 
(2,388,081
)
 
918,252

Intercompany note receivable

 
(503,333
)
 

 
503,333

 

Total stockholders’ equity
1,056,235

 
1,574,727

 
172,038

 
(1,884,748
)
 
918,252

Total liabilities and stockholders’ equity
$
2,393,393

 
$
3,932,717

 
$
459,879

 
$
(2,389,273
)
 
$
4,396,716



CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
2,207,383

 
$
575,066

 
$

 
$
2,782,449

COST OF SALES:

 
1,862,787

 
509,543

 

 
2,372,330

GROSS PROFIT

 
344,596

 
65,523

 

 
410,119

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
605

 
243,312

 
55,105

 

 
299,022

DEPRECIATION AND AMORTIZATION EXPENSE

 
10,642

 
2,071

 

 
12,713

ASSET IMPAIRMENTS

 
1,024

 

 

 
1,024

INCOME (LOSS) FROM OPERATIONS
(605
)
 
89,618

 
8,347

 

 
97,360

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(10,402
)
 
(1,191
)
 

 
(11,593
)
Other interest expense, net

 
(16,072
)
 
(633
)
 

 
(16,705
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(605
)
 
63,144

 
6,523

 

 
69,062

BENEFIT (PROVISION) FOR INCOME TAXES
227

 
(23,081
)
 
372

 

 
(22,482
)
EQUITY IN EARNINGS OF SUBSIDIARIES
46,958

 

 

 
(46,958
)
 

NET INCOME (LOSS)
$
46,580

 
$
40,063

 
$
6,895

 
$
(46,958
)
 
$
46,580

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(3,480
)
 
(6,068
)
 

 
(9,548
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
46,580

 
$
36,583

 
$
827

 
$
(46,958
)
 
$
37,032





CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Six Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
4,289,016

 
$
1,101,788

 
$

 
$
5,390,804

COST OF SALES:

 
3,611,709

 
979,874

 

 
4,591,583

GROSS PROFIT

 
677,307

 
121,914

 

 
799,221

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
1,808

 
486,327

 
104,552

 

 
592,687

DEPRECIATION AND AMORTIZATION EXPENSE

 
21,238

 
3,939

 

 
25,177

ASSET IMPAIRMENTS

 
1,533

 
423

 

 
1,956

INCOME (LOSS) FROM OPERATIONS
(1,808
)
 
168,209

 
13,000

 

 
179,401

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(20,450
)
 
(2,153
)
 

 
(22,603
)
Other interest expense, net

 
(32,124
)
 
(1,510
)
 

 
(33,634
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(1,808
)
 
115,635

 
9,337

 

 
123,164

BENEFIT (PROVISION) FOR INCOME TAXES
677

 
(42,362
)
 
(608
)
 

 
(42,293
)
EQUITY IN EARNINGS OF SUBSIDIARIES
82,002

 

 

 
(82,002
)
 

NET INCOME (LOSS)
$
80,871

 
$
73,273

 
$
8,729

 
$
(82,002
)
 
$
80,871

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(12,507
)
 
(3,913
)
 

 
(16,420
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
80,871

 
$
60,766

 
$
4,816

 
$
(82,002
)
 
$
64,451


CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
2,287,447

 
$
439,033

 
$

 
$
2,726,480

COST OF SALES:

 
1,945,263

 
389,644

 

 
2,334,907

GROSS PROFIT

 
342,184

 
49,389

 

 
391,573

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
848

 
237,716

 
42,004

 

 
280,568

DEPRECIATION AND AMORTIZATION EXPENSE

 
10,357

 
1,589

 

 
11,946

ASSET IMPAIRMENTS

 
498

 
541

 

 
1,039

INCOME FROM OPERATIONS
(848
)
 
93,613

 
5,255

 

 
98,020

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(8,959
)
 
(1,056
)
 

 
(10,015
)
Other interest expense, net
605

 
(13,073
)
 
(1,760
)
 

 
(14,228
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(243
)
 
71,581

 
2,439

 

 
73,777

BENEFIT (PROVISION) FOR INCOME TAXES
92

 
(26,382
)
 
(1,177
)
 

 
(27,467
)
EQUITY IN EARNINGS OF SUBSIDIARIES
46,461

 

 

 
(46,461
)
 

NET INCOME (LOSS)
$
46,310

 
$
45,199

 
$
1,262

 
$
(46,461
)
 
$
46,310

OTHER COMPREHENSIVE INCOME, NET OF TAXES

 
3,784

 
9,999

 

 
13,783

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
46,310

 
$
48,983

 
$
11,261

 
$
(46,461
)
 
$
60,093








CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Six Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
4,285,947

 
$
873,387

 
$

 
$
5,159,334

COST OF SALES:

 
3,629,275

 
774,602

 

 
4,403,877

GROSS PROFIT

 
656,672

 
98,785

 

 
755,457

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
2,079

 
465,188

 
84,770

 

 
552,037

DEPRECIATION AND AMORTIZATION EXPENSE

 
20,475

 
3,155

 

 
23,630

ASSET IMPAIRMENTS

 
498

 
541

 

 
1,039

INCOME FROM OPERATIONS
(2,079
)
 
170,511

 
10,319

 

 
178,751

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(17,477
)
 
(1,885
)
 

 
(19,362
)
Other interest expense, net
1,197

 
(25,796
)
 
(3,540
)
 

 
(28,139
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(882
)
 
127,238

 
4,894

 

 
131,250

BENEFIT (PROVISION) FOR INCOME TAXES
331

 
(46,985
)
 
(2,472
)
 

 
(49,126
)
EQUITY IN EARNINGS OF SUBSIDIARIES
82,675

 

 

 
(82,675
)
 

NET INCOME (LOSS)
$
82,124

 
$
80,253

 
$
2,422

 
$
(82,675
)
 
$
82,124

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(762
)
 
(20,595
)
 

 
(21,357
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
82,124

 
$
79,491

 
$
(18,173
)
 
$
(82,675
)
 
$
60,767



CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Company
 
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net cash provided by operating activities
$
80,872

 
$
88,538

 
$
3,457

 
$
172,867

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Cash paid in acquisitions, net of cash received

 

 
(54,739
)
 
(54,739
)
Proceeds from disposition of franchises, property and equipment

 
12,728

 
1,257

 
13,985

Purchases of property and equipment, including real estate

 
(59,894
)
 
(10,378
)
 
(70,272
)
Other

 
3,007

 
149

 
3,156

Net cash used in investing activities

 
(44,159
)
 
(63,711
)
 
(107,870
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings on credit facility - floorplan line and other

 
3,373,126

 

 
3,373,126

Repayments on credit facility - floorplan line and other

 
(3,325,917
)
 

 
(3,325,917
)
Borrowings on credit facility - acquisition line
150,020

 

 

 
150,020

Repayment on credit facility - acquisition line
(140,020
)
 

 

 
(140,020
)
Borrowings on other debt

 

 
19,653

 
19,653

Principal payments on other debt

 
(461
)
 
(21,787
)
 
(22,248
)
Borrowings on debt related to real estate, net of debt issue costs

 
30,754

 

 
30,754

Principal payments on debt related to real estate

 
(9,611
)
 
(2,604
)
 
(12,215
)
Employee stock purchase plan purchases, net of employee tax withholdings
136

 

 

 
136

Repurchases of common stock, amounts based on settlement date
(115,246
)
 

 

 
(115,246
)
Tax effect from stock-based compensation
(85
)
 

 

 
(85
)
Dividends paid
(10,124
)
 

 

 
(10,124
)
Other
(2,736
)
 
(423
)
 

 
(3,159
)
Borrowings (repayments) with subsidiaries
233,120

 
(236,314
)
 
3,194

 

Investment in subsidiaries
(195,937
)
 
123,624

 
72,313

 

Distributions to parent

 

 

 

Net cash provided by (used in) financing activities
(80,872
)
 
(45,222
)
 
70,769

 
(55,325
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

 
2,256

 
2,256

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 
(843
)
 
12,771

 
11,928

CASH AND CASH EQUIVALENTS, beginning of period

 
6,338

 
6,699

 
13,037

CASH AND CASH EQUIVALENTS, end of period
$

 
$
5,495

 
$
19,470

 
$
24,965



CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Company
 
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
82,124

 
$
(6,018
)
 
$
4,469

 
$
80,575

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Cash paid in acquisitions, net of cash received

 
(130,783
)
 

 
(130,783
)
Proceeds from disposition of franchises, property and equipment

 
6,845

 
494

 
7,339

Purchases of property and equipment, including real estate

 
(39,305
)
 
(9,181
)
 
(48,486
)
Other

 
6,294

 

 
6,294

Net cash used in investing activities

 
(156,949
)
 
(8,687
)
 
(165,636
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings on credit facility - floorplan line and other

 
3,550,526

 

 
3,550,526

Repayments on credit facility - floorplan line and other

 
(3,466,772
)
 

 
(3,466,772
)
Borrowings on credit facility - acquisition line
346,050

 

 

 
346,050

Repayment on credit facility - acquisition line
(324,222
)
 

 

 
(324,222
)
Borrowings on other debt

 
138

 
25,606

 
25,744

Principal payments on other debt

 
(989
)
 
(25,953
)
 
(26,942
)
Borrowings on debt related to real estate, net of debt issue costs

 

 
22,430

 
22,430

Principal payments on debt related to real estate

 
(12,846
)
 
(1,513
)
 
(14,359
)
Employee stock purchase plan purchases, net of employee tax withholdings
(1,113
)
 

 

 
(1,113
)
Repurchases of common stock, amounts based on settlement date
(33,121
)
 

 

 
(33,121
)
Tax effect from stock-based compensation

 
1,439

 

 
1,439

Dividends paid
(9,737
)
 

 

 
(9,737
)
Borrowings (repayments) with subsidiaries
80,027

 
(54,206
)
 
(25,821
)
 

Investment in subsidiaries
(140,008
)
 
124,918

 
15,090

 

Distributions to parent

 

 

 

Net cash provided by (used in) financing activities
(82,124
)
 
142,208

 
9,839

 
69,923

EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

 
(1,612
)
 
(1,612
)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 
(20,759
)
 
4,009

 
(16,750
)
CASH AND CASH EQUIVALENTS, beginning of period

 
25,379

 
15,596

 
40,975

CASH AND CASH EQUIVALENTS, end of period
$

 
$
4,620

 
$
19,605

 
$
24,225

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
SUBSEQUENT EVENTS
Subsequent to June 30, 2016, the Company repurchased 244,205 of its common shares for $12.4 million under its current share repurchase program.
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Interim Financial Information Interim Financial Information (Policies)
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Recently Adopted Accounting Pronouncements
In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of $14.1 million, which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation.
In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU were to be applied retrospectively and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of $0.5 million and $3.6 million, which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation.
In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments. The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU were to be applied prospectively to adjustments to provisional amounts that occur after the effective date and were effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements.
Recent Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements.
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments in this ASU relate to the accounting of leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. The amendment addresses several aspects of the accounting for share-based payment award transactions, including: income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. The amendment replaces the current incurred loss impairment methodology of recognizing credit losses when a loss is probable, with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to assess credit loss estimates. The standard will be effective for fiscal years beginning after December 15, 2019, with early adoption permitted for periods after December 15, 2018. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.
Basis of Presentation [Text Block]
Basis of Presentation
The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal and recurring nature considered necessary for a fair presentation have been included in the accompanying unaudited condensed Consolidated Financial Statements. Due to seasonality and other factors, the results of operations for the interim period are not necessarily indicative of the results that will be realized for any other interim period or for the entire fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (“2015 Form 10-K”).
All business acquisitions completed during the periods presented have been accounted for using the purchase method of accounting, and their results of operations are included from the effective dates of the closings of the acquisitions. The allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on estimates of fair value and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). All intercompany balances and transactions have been eliminated in consolidation.
Segment Reporting Disclosure [Text Block]
Business Segment Information
The Company, through its regions, conducts business in the automotive retailing industry including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has three reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments 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.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]
Variable Interest Entity
In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services for a variable fee, both of which constitute variable interests in the entity. The Company's exposure to loss as a result of its involvement in the entity includes the balance outstanding under the loan arrangement. The Company holds an 8% equity ownership interest in the entity. The Company has determined that the entity meets the criteria of a variable interest entity ("VIE"). The terms of the loan and services agreements provide the Company with the right to control the activities of the VIE that most significantly impact the VIE's economic performance, the obligation to absorb potentially significant losses of the VIE and the right to receive potentially significant benefits from the VIE. Accordingly, the Company qualified as the VIE's primary beneficiary and consolidated the assets and liabilities of the VIE as of June 30, 2016 and December 31, 2015, as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to June 30, 2016. The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of June 30, 2016 and December 31, 2015, are as follows (in thousands):
 
 
June 30, 2016
 
December 31, 2015
Current assets
 
$
12,721

 
$
12,849

Non-current assets
 
13,489

 
11,022

Total assets
 
$
26,210

 
$
23,871

Current liabilities
 
$
9,783

 
$
8,257

Non-current liabilities
 
20,935

 
17,064

Total liabilities
 
$
30,718

 
$
25,321

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Risk Management Activities Derivative Instruments and Risk Management Activities (Policies)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives, Policy [Policy Text Block]
The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, “Credit Facilities”) and certain variable-rate real estate related borrowings in the U.S. are indexed to the one-month London Inter Bank Offered Rate (“LIBOR”), plus an associated company credit risk rate. In order to minimize the earnings variability related to fluctuations in these rates, the Company employs an interest rate hedging strategy, whereby it enters into arrangements with various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure for a fixed interest rate over terms not to exceed the related variable-rate debt.
The Company presents the fair value of all derivatives on its Consolidated Balance Sheets. The Company measures the fair value of its interest rate derivative instruments utilizing an income approach valuation technique, converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes the option-pricing Black-Scholes present value technique for all of its derivative instruments. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service provider, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments and contract maturity. The fair value estimate of the interest rate derivative instruments also considers the credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. The credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year rate according to Standard and Poor’s. The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from independent sources, which is readily observable or can be corroborated by observable market data for substantially the full term of the derivative instrument. Further, the valuation measurement inputs minimize the use of unobservable inputs. Accordingly, the Company has classified the derivatives within Level 2 of the hierarchy framework as described by Accounting Standards Codification ("ASC") 820, Fair Value Measurement.
The related gains or losses on these interest rate derivatives are deferred in stockholders’ equity as a component of accumulated other comprehensive loss. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in other income or expense. Monthly contractual settlements of these swap positions are recognized as floorplan or other interest expense in the Company’s accompanying Consolidated Statements of Operations. All of the Company’s interest rate hedges are designated as cash flow hedges.
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements Fair Value Measurements (Policies)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value of Assets Acquired and Liabilities Assumed [Policy Text Block]
ASC 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date; and establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date:
Level 1 — unadjusted, quoted prices for identical assets or liabilities in active markets;
Level 2 — quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation; and
Level 3 — unobservable inputs based upon the reporting entity’s internally developed assumptions that market participants would use in pricing the asset or liability.
The Company’s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, investments in debt and equity securities, accounts payable, credit facilities, long-term debt and interest rate swaps. The fair values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence of variable interest rates. The Company evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC 820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria.
The Company periodically invests in unsecured, corporate demand obligations with manufacturer-affiliated finance companies, which bear interest at a variable rate and are redeemable on demand by the Company. Therefore, the Company has classified these demand obligations as cash and cash equivalents in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.
In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.
The Company's derivative financial instruments are recorded at fair market value.
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Interim Financial Information (Tables)
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Carrying Amounts and Classification of Assets and Liabilities of VIE [Table Text Block]
The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of June 30, 2016 and December 31, 2015, are as follows (in thousands):
 
 
June 30, 2016
 
December 31, 2015
Current assets
 
$
12,721

 
$
12,849

Non-current assets
 
13,489

 
11,022

Total assets
 
$
26,210

 
$
23,871

Current liabilities
 
$
9,783

 
$
8,257

Non-current liabilities
 
20,935

 
17,064

Total liabilities
 
$
30,718

 
$
25,321

XML 41 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Risk Management Activities (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amount of Unrealized Gain, Net of Tax, Recognized in Other Comprehensive Income
The following table presents the impact during the current and comparative prior year periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.
 
 
Amount of Unrealized Loss, Net of Tax, Recognized in Other Comprehensive Income (Loss)

 
 
Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationship
 
2016
 
2015
 
 
(In thousands)
Interest rate swap contracts
 
$
(16,763
)
 
$
(4,709
)
 
 
 
 
 
 
 
Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations

Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations
 
Six Months Ended June 30,
 
2016
 
2015
 
 
(In thousands)
Floorplan interest expense
 
$
(5,623
)
 
$
(5,470
)
Other interest expense
 
(1,186
)
 
(845
)
The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is $13.8 million.
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Restricted Stock Awards
A summary of the restricted stock awards as of June 30, 2016, along with the changes during the six months then ended, is as follows:
 
 
Awards
 
Weighted Average
Grant Date
Fair Value
Nonvested at December 31, 2015
 
893,360

 
$
69.16

Granted
 
224,520

 
53.82

Vested
 
(215,980
)
 
57.59

Forfeited
 
(12,360
)
 
75.66

Nonvested at June 30, 2016
 
889,540

 
$
68.03

XML 43 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per share
The following table sets forth the calculation of EPS for the three and six months ended June 30, 2016 and 2015.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(In thousands, except per share amounts)
Weighted average basic common shares outstanding
 
21,057

 
23,312

 
21,753

 
23,377

Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock
 
13

 
3

 
9

 
3

Weighted average dilutive common shares outstanding
 
21,070

 
23,315

 
21,762

 
23,380

Basic:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,885

 
1,792

 
3,224

 
3,176

 Earnings available to basic common shares
 
$
44,695

 
$
44,518

 
$
77,647

 
$
78,948

 Basic earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

Diluted:
 
 
 
 
 
 
 
 
Net Income
 
$
46,580

 
$
46,310

 
$
80,871

 
$
82,124

Less: Earnings allocated to participating securities
 
1,884

 
1,792

 
3,223

 
3,176

 Earnings available to diluted common shares
 
$
44,696

 
$
44,518

 
$
77,648

 
$
78,948

 Diluted earnings per common share
 
$
2.12

 
$
1.91

 
$
3.57

 
$
3.38

XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Tables)
6 Months Ended
Jun. 30, 2016
Balance Sheet Related Disclosures [Abstract]  
Accounts and notes receivable
Accounts and notes receivable consisted of the following: 
 
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(In thousands)
Amounts due from manufacturers
 
$
87,125

 
$
93,206

Parts and service receivables
 
33,651

 
32,479

Finance and insurance receivables
 
21,381

 
22,374

Other
 
12,039

 
12,913

Total accounts and notes receivable
 
154,196

 
160,972

Less allowance for doubtful accounts
 
2,541

 
3,204

Accounts and notes receivable, net
 
$
151,655

 
$
157,768

Summary of inventories
Inventories consisted of the following: 
 
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(In thousands)
New vehicles
 
$
1,258,485

 
$
1,262,797

Used vehicles
 
316,070

 
275,508

Rental vehicles
 
142,626

 
134,509

Parts, accessories and other
 
74,964

 
72,917

Total inventories
 
1,792,145

 
1,745,731

Less lower of cost or market reserves
 
8,031

 
7,980

Inventories, net
 
$
1,784,114

 
$
1,737,751

Property and equipment
Property and equipment consisted of the following:
 
 
Estimated Useful Lives in Years
 
June 30, 2016
 
December 31, 2015
 
 
(unaudited)
 
 
 
 
(dollars in thousands)
Land
 
 
$
378,715

 
$
364,475

Buildings
 
30 to 50
 
525,097

 
505,414

Leasehold improvements
 
varies
 
160,866

 
155,585

Machinery and equipment
 
7 to 20
 
96,562

 
90,993

Furniture and fixtures
 
3 to 10
 
86,882

 
82,688

Company vehicles
 
3 to 5
 
11,789

 
11,603

Construction in progress
 
 
72,906

 
58,361

Total
 
 
 
1,332,817

 
1,269,119

Less accumulated depreciation
 
 
 
251,585

 
235,138

Property and equipment, net
 
 
 
$
1,081,232

 
$
1,033,981

XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2016
Debt Instrument [Line Items]  
Summary of long-term debt
The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following:
 
 
June 30, 2016
 
December 31, 2015
 
 
(dollars in thousands)
5.00% Senior Notes (aggregate principal of $550,000 at June 30, 2016 and December 31, 2015)
 
$
539,690

 
$
538,933

5.25% Senior Notes (aggregate principal of $300,000 at June 30, 2016 and December 31, 2015)
 
295,320

 
295,156

Acquisition Line
 
10,000

 

Real Estate Related and Other Long-Term Debt
 
389,593

 
365,564

Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8%
 
49,727

 
51,902

 
 
1,284,330

 
1,251,555

Less current maturities of other long-term debt
 
33,390

 
52,021

 
 
$
1,250,940

 
$
1,199,534

XML 46 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Asset and liabilities recorded at fair value
Assets and liabilities recorded at fair value in the accompanying balance sheets as of June 30, 2016 and December 31, 2015, respectively, were as follows:
 
 
As of June 30, 2016
 
 
Level 2
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
Investments
 
$
2,765

 
$
2,765

Demand obligations
 
$
132

 
$
132

Total
 
$
2,897

 
$
2,897

Liabilities:
 
 
 
 
Interest rate derivative financial instruments
 
$
51,134

 
$
51,134

Total
 
$
51,134

 
$
51,134

 
 
As of December 31, 2015
 
 
Level 2
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
Investments
 
$
4,235

 
$
4,235

Demand obligations
 
$
131

 
$
131

Interest rate derivative financial instruments
 
$
31

 
$
31

Total
 
$
4,397

 
$
4,397

Liabilities:
 
 
 
 
Interest rate derivative financial instruments
 
$
31,153

 
$
31,153

Total
 
$
31,153

 
$
31,153

XML 47 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Franchise Rights and Goodwill (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Roll-forward of intangible franchise rights and goodwill accounts
The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment:
 
Intangible Franchise Rights
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2015
$
285,659

 
$
7,773

 
$
14,156

 
$
307,588

 
Additions through acquisitions

 
14,087

 

 
14,087

 
Currency translation

 
(1,903
)
 
3,202

 
1,299

 
BALANCE, June 30, 2016
$
285,659

 
$
19,957

 
$
17,358

 
$
322,974

 
 
Goodwill
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
BALANCE, December 31, 2015
$
809,775

 
$
35,320

 
$
9,820

 
$
854,915

(1) 
Additions through acquisitions

 
30,755

 
1,018

 
31,773

 
Purchase price allocation adjustments
39

 
1,077

 

 
1,116

 
Disposals
(2,035
)
 

 
(191
)
 
(2,226
)
 
Currency translation

 
(5,902
)
 
2,305

 
(3,597
)
 
BALANCE, June 30, 2016
$
807,779

 
$
61,250

 
$
12,952

 
$
881,981

(1) 
(1) Net of accumulated impairment of $97.8 million.
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Changes in the balances of each component of accumulated other comprehensive income
Changes in the balances of each component of accumulated other comprehensive loss for the six months ended June 30, 2016 and 2015 were as follows: 
 
 
Six Months Ended June 30, 2016
 
 
Accumulated foreign currency translation loss
 
Accumulated loss on interest rate swaps
 
Total
 
 
(In thousands)
Balance, December 31, 2015
 
$
(118,532
)
 
$
(19,452
)
 
$
(137,984
)
Other comprehensive loss before reclassifications:
 
 
 
 
 

Pre-tax
 
(3,913
)
 
(26,821
)
 
(30,734
)
Tax effect
 

 
10,058

 
10,058

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 


Floorplan interest expense
 

 
5,623

 
5,623

Other interest expense
 

 
1,186

 
1,186

Tax effect
 

 
(2,553
)
 
(2,553
)
Net current period other comprehensive loss
 
(3,913
)
 
(12,507
)
 
(16,420
)
Balance, June 30, 2016
 
$
(122,445
)
 
$
(31,959
)
 
$
(154,404
)
 
 
Six Months Ended June 30, 2015
 
 
Accumulated foreign currency translation loss
 
Accumulated loss on interest rate swaps
 
Total
 
 
(In thousands)
Balance, December 31, 2014
 
$
(64,075
)
 
$
(17,909
)
 
$
(81,984
)
Other comprehensive loss before reclassifications:
 
 
 
 
 
 
Pre-tax
 
(20,595
)
 
(7,534
)
 
(28,129
)
Tax effect
 

 
2,825

 
2,825

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
 
Floorplan interest expense
 

 
5,470

 
5,470

Other interest expense
 

 
845

 
845

Tax effect
 

 
(2,368
)
 
(2,368
)
Net current period other comprehensive loss
 
(20,595
)
 
(762
)
 
(21,357
)
Balance, June 30, 2015
 
$
(84,670
)
 
$
(18,671
)
 
$
(103,341
)
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended June 30, 2016
 
 
Six Months Ended June 30, 2016
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,207,381

 
$
467,792

 
$
107,276

 
$
2,782,449

 
 
$
4,289,014

 
$
899,688

 
$
202,102

 
$
5,390,804

Income (loss) before income taxes
61,784

 
7,929

 
(651
)
 
69,062

 
 
111,989

 
13,449

 
(2,274
)
 
123,164

(Provision) benefit for income taxes
(22,854
)
 
(1,586
)
 
1,958

 
(22,482
)
 
 
(41,685
)
 
(2,756
)
 
2,148

 
(42,293
)
Net income (loss) (1)
$
38,930

 
$
6,343

 
$
1,307

 
$
46,580

 
 
70,304

 
10,693

 
(126
)
 
80,871

 
Three Months Ended June 30, 2015
 
 
Six Months Ended June 30, 2015
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,287,446

 
$
308,167

 
$
130,867

 
$
2,726,480

 
 
$
4,285,946

 
$
607,708

 
$
265,680

 
$
5,159,334

Income (loss) before income taxes
69,431

 
4,831

 
(485
)
 
73,777

 
 
122,589

 
9,951

 
(1,290
)
 
131,250

Provision for income taxes
(26,288
)
 
(1,010
)
 
(169
)
 
(27,467
)
 
 
(46,651
)
 
(2,009
)
 
(466
)
 
(49,126
)
Net income (loss)
$
43,143

 
$
3,821

 
$
(654
)
 
$
46,310

 
 
75,938

 
7,942

 
(1,756
)
 
82,124

(1) Includes the following, after tax: loss due to catastrophic events of $1.7 million and $3.4 million for the three and six months ended June 30, 2016, respectively, in the U.S. segment; and foreign deferred income tax benefit of $1.7 million for the three and six months ended June 30, 2016 in the Brazil segment.

Reportable segment total assets as of June 30, 2016 and December 31, 2015 were as follows:
 
As of June 30, 2016
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,874,447

 
$
485,596

 
$
140,757

 
$
4,500,800

 

 
As of December 31, 2015
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,923,001

 
$
358,476

 
$
115,239

 
$
4,396,716

 
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables)
6 Months Ended
Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheet [Table Text Block]
CONDENSED CONSOLIDATED BALANCE SHEET
June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
ASSETS
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
5,495

 
$
19,470

 
$

 
$
24,965

Contracts-in-transit and vehicle receivables, net

 
173,024

 
39,280

 

 
212,304

Accounts and notes receivable, net

 
116,770

 
34,885

 

 
151,655

Intercompany accounts receivable

 
4,386

 

 
(4,386
)
 

Inventories, net

 
1,532,707

 
251,407

 

 
1,784,114

Prepaid expenses and other current assets
684

 
8,643

 
19,592

 

 
28,919

Total current assets
684

 
1,841,025

 
364,634

 
(4,386
)
 
2,201,957

PROPERTY AND EQUIPMENT, net

 
938,378

 
142,854

 

 
1,081,232

GOODWILL

 
807,781

 
74,200

 

 
881,981

INTANGIBLE FRANCHISE RIGHTS

 
285,659

 
37,315

 

 
322,974

INVESTMENT IN SUBSIDIARIES
2,584,017

 

 

 
(2,584,017
)
 

OTHER ASSETS

 
8,126

 
4,530

 

 
12,656

Total assets
$
2,584,701

 
$
3,880,969

 
$
623,533

 
$
(2,588,403
)
 
$
4,500,800

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
Floorplan notes payable — credit facility and other
$

 
$
1,233,518

 
$
5,702

 
$

 
$
1,239,220

Offset account related to floorplan notes payable - credit facility

 
(35,461
)
 

 

 
(35,461
)
Floorplan notes payable — manufacturer affiliates

 
302,504

 
94,791

 

 
397,295

Offset account related to floorplan notes payable - manufacturer affiliates

 
(27,500
)
 

 

 
(27,500
)
Current maturities of long-term debt and short-term financing

 
28,246

 
14,747

 

 
42,993

Accounts payable

 
158,500

 
154,719

 

 
313,219

Intercompany accounts payable
718,412

 

 
4,386

 
(722,798
)
 

Accrued expenses

 
156,948

 
25,160

 

 
182,108

Total current liabilities
718,412

 
1,816,755

 
299,505

 
(722,798
)
 
2,111,874

LONG-TERM DEBT, net of current maturities
845,010

 
340,094

 
65,836

 

 
1,250,940

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

 
49,438

 

 

 
49,438

DEFERRED INCOME TAXES AND OTHER LIABILITIES
(678
)
 
212,649

 
9,025

 

 
220,996

STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 

Group 1 stockholders’ equity
1,021,957

 
2,180,445

 
249,167

 
(2,584,017
)
 
867,552

Intercompany note receivable

 
(718,412
)
 

 
718,412

 

Total stockholders’ equity
1,021,957

 
1,462,033

 
249,167

 
(1,865,605
)
 
867,552

Total liabilities and stockholders’ equity
$
2,584,701

 
$
3,880,969

 
$
623,533

 
$
(2,588,403
)
 
$
4,500,800


CONDENSED CONSOLIDATED BALANCE SHEET
December 31, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
ASSETS
CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$
6,338

 
$
6,699

 
$

 
$
13,037

Contracts-in-transit and vehicle receivables, net

 
233,275

 
19,163

 

 
252,438

Accounts and notes receivable, net

 
132,078

 
25,690

 

 
157,768

Intercompany accounts receivable

 
1,192

 

 
(1,192
)
 

Inventories, net

 
1,533,166

 
204,585

 

 
1,737,751

Prepaid expenses and other current assets
5,312

 
8,946

 
13,118

 

 
27,376

Total current assets
5,312

 
1,914,995

 
269,255

 
(1,192
)
 
2,188,370

PROPERTY AND EQUIPMENT, net

 
916,338

 
117,643

 

 
1,033,981

GOODWILL

 
809,775

 
45,140

 

 
854,915

INTANGIBLE FRANCHISE RIGHTS

 
285,659

 
21,929

 

 
307,588

INVESTMENT IN SUBSIDIARIES
2,388,081

 

 

 
(2,388,081
)
 

OTHER ASSETS

 
5,950

 
5,912

 

 
11,862

Total assets
$
2,393,393

 
$
3,932,717

 
$
459,879

 
$
(2,389,273
)
 
$
4,396,716

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 
 
 
 
 
 
 
 
 
Floorplan notes payable — credit facility and other
$

 
$
1,261,606

 
$
4,113

 
$

 
$
1,265,719

Offset account related to floorplan notes payable - credit facility

 
(110,759
)
 

 

 
(110,759
)
Floorplan notes payable — manufacturer affiliates

 
303,810

 
85,261

 

 
389,071

Offset account related to floorplan notes payable - manufacturer affiliates

 
(25,500
)
 

 

 
(25,500
)
Current maturities of long-term debt and short-term financing

 
47,015

 
7,976

 

 
54,991

Accounts payable

 
178,544

 
101,879

 

 
280,423

Intercompany accounts payable
503,333

 

 
1,192

 
(504,525
)
 

Accrued expenses

 
167,509

 
17,814

 

 
185,323

Total current liabilities
503,333

 
1,822,225

 
218,235

 
(504,525
)
 
2,039,268

LONG-TERM DEBT, net of current maturities
834,090

 
300,788

 
64,656

 

 
1,199,534

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

 
31,153

 

 

 
31,153

DEFERRED INCOME TAXES AND OTHER LIABILITIES
(265
)
 
203,824

 
4,950

 

 
208,509

STOCKHOLDERS’ EQUITY:
 
 
 
 
 
 
 
 

Group 1 stockholders’ equity
1,056,235

 
2,078,060

 
172,038

 
(2,388,081
)
 
918,252

Intercompany note receivable

 
(503,333
)
 

 
503,333

 

Total stockholders’ equity
1,056,235

 
1,574,727

 
172,038

 
(1,884,748
)
 
918,252

Total liabilities and stockholders’ equity
$
2,393,393

 
$
3,932,717

 
$
459,879

 
$
(2,389,273
)
 
$
4,396,716

Condensed Income Statement [Table Text Block]
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
2,207,383

 
$
575,066

 
$

 
$
2,782,449

COST OF SALES:

 
1,862,787

 
509,543

 

 
2,372,330

GROSS PROFIT

 
344,596

 
65,523

 

 
410,119

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
605

 
243,312

 
55,105

 

 
299,022

DEPRECIATION AND AMORTIZATION EXPENSE

 
10,642

 
2,071

 

 
12,713

ASSET IMPAIRMENTS

 
1,024

 

 

 
1,024

INCOME (LOSS) FROM OPERATIONS
(605
)
 
89,618

 
8,347

 

 
97,360

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(10,402
)
 
(1,191
)
 

 
(11,593
)
Other interest expense, net

 
(16,072
)
 
(633
)
 

 
(16,705
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(605
)
 
63,144

 
6,523

 

 
69,062

BENEFIT (PROVISION) FOR INCOME TAXES
227

 
(23,081
)
 
372

 

 
(22,482
)
EQUITY IN EARNINGS OF SUBSIDIARIES
46,958

 

 

 
(46,958
)
 

NET INCOME (LOSS)
$
46,580

 
$
40,063

 
$
6,895

 
$
(46,958
)
 
$
46,580

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(3,480
)
 
(6,068
)
 

 
(9,548
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
46,580

 
$
36,583

 
$
827

 
$
(46,958
)
 
$
37,032





CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Six Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
4,289,016

 
$
1,101,788

 
$

 
$
5,390,804

COST OF SALES:

 
3,611,709

 
979,874

 

 
4,591,583

GROSS PROFIT

 
677,307

 
121,914

 

 
799,221

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
1,808

 
486,327

 
104,552

 

 
592,687

DEPRECIATION AND AMORTIZATION EXPENSE

 
21,238

 
3,939

 

 
25,177

ASSET IMPAIRMENTS

 
1,533

 
423

 

 
1,956

INCOME (LOSS) FROM OPERATIONS
(1,808
)
 
168,209

 
13,000

 

 
179,401

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(20,450
)
 
(2,153
)
 

 
(22,603
)
Other interest expense, net

 
(32,124
)
 
(1,510
)
 

 
(33,634
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(1,808
)
 
115,635

 
9,337

 

 
123,164

BENEFIT (PROVISION) FOR INCOME TAXES
677

 
(42,362
)
 
(608
)
 

 
(42,293
)
EQUITY IN EARNINGS OF SUBSIDIARIES
82,002

 

 

 
(82,002
)
 

NET INCOME (LOSS)
$
80,871

 
$
73,273

 
$
8,729

 
$
(82,002
)
 
$
80,871

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(12,507
)
 
(3,913
)
 

 
(16,420
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
80,871

 
$
60,766

 
$
4,816

 
$
(82,002
)
 
$
64,451


CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
2,287,447

 
$
439,033

 
$

 
$
2,726,480

COST OF SALES:

 
1,945,263

 
389,644

 

 
2,334,907

GROSS PROFIT

 
342,184

 
49,389

 

 
391,573

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
848

 
237,716

 
42,004

 

 
280,568

DEPRECIATION AND AMORTIZATION EXPENSE

 
10,357

 
1,589

 

 
11,946

ASSET IMPAIRMENTS

 
498

 
541

 

 
1,039

INCOME FROM OPERATIONS
(848
)
 
93,613

 
5,255

 

 
98,020

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(8,959
)
 
(1,056
)
 

 
(10,015
)
Other interest expense, net
605

 
(13,073
)
 
(1,760
)
 

 
(14,228
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(243
)
 
71,581

 
2,439

 

 
73,777

BENEFIT (PROVISION) FOR INCOME TAXES
92

 
(26,382
)
 
(1,177
)
 

 
(27,467
)
EQUITY IN EARNINGS OF SUBSIDIARIES
46,461

 

 

 
(46,461
)
 

NET INCOME (LOSS)
$
46,310

 
$
45,199

 
$
1,262

 
$
(46,461
)
 
$
46,310

OTHER COMPREHENSIVE INCOME, NET OF TAXES

 
3,784

 
9,999

 

 
13,783

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
46,310

 
$
48,983

 
$
11,261

 
$
(46,461
)
 
$
60,093








CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Six Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Elimination
 
Total Company
 
(In thousands)
REVENUES:
$

 
$
4,285,947

 
$
873,387

 
$

 
$
5,159,334

COST OF SALES:

 
3,629,275

 
774,602

 

 
4,403,877

GROSS PROFIT

 
656,672

 
98,785

 

 
755,457

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
2,079

 
465,188

 
84,770

 

 
552,037

DEPRECIATION AND AMORTIZATION EXPENSE

 
20,475

 
3,155

 

 
23,630

ASSET IMPAIRMENTS

 
498

 
541

 

 
1,039

INCOME FROM OPERATIONS
(2,079
)
 
170,511

 
10,319

 

 
178,751

OTHER EXPENSE:
 
 
 
 
 
 
 
 
 
Floorplan interest expense

 
(17,477
)
 
(1,885
)
 

 
(19,362
)
Other interest expense, net
1,197

 
(25,796
)
 
(3,540
)
 

 
(28,139
)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES
(882
)
 
127,238

 
4,894

 

 
131,250

BENEFIT (PROVISION) FOR INCOME TAXES
331

 
(46,985
)
 
(2,472
)
 

 
(49,126
)
EQUITY IN EARNINGS OF SUBSIDIARIES
82,675

 

 

 
(82,675
)
 

NET INCOME (LOSS)
$
82,124

 
$
80,253

 
$
2,422

 
$
(82,675
)
 
$
82,124

OTHER COMPREHENSIVE LOSS, NET OF TAXES

 
(762
)
 
(20,595
)
 

 
(21,357
)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT
$
82,124

 
$
79,491

 
$
(18,173
)
 
$
(82,675
)
 
$
60,767

Condensed Cash Flow Statement [Table Text Block]
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2016
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Company
 
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net cash provided by operating activities
$
80,872

 
$
88,538

 
$
3,457

 
$
172,867

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Cash paid in acquisitions, net of cash received

 

 
(54,739
)
 
(54,739
)
Proceeds from disposition of franchises, property and equipment

 
12,728

 
1,257

 
13,985

Purchases of property and equipment, including real estate

 
(59,894
)
 
(10,378
)
 
(70,272
)
Other

 
3,007

 
149

 
3,156

Net cash used in investing activities

 
(44,159
)
 
(63,711
)
 
(107,870
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings on credit facility - floorplan line and other

 
3,373,126

 

 
3,373,126

Repayments on credit facility - floorplan line and other

 
(3,325,917
)
 

 
(3,325,917
)
Borrowings on credit facility - acquisition line
150,020

 

 

 
150,020

Repayment on credit facility - acquisition line
(140,020
)
 

 

 
(140,020
)
Borrowings on other debt

 

 
19,653

 
19,653

Principal payments on other debt

 
(461
)
 
(21,787
)
 
(22,248
)
Borrowings on debt related to real estate, net of debt issue costs

 
30,754

 

 
30,754

Principal payments on debt related to real estate

 
(9,611
)
 
(2,604
)
 
(12,215
)
Employee stock purchase plan purchases, net of employee tax withholdings
136

 

 

 
136

Repurchases of common stock, amounts based on settlement date
(115,246
)
 

 

 
(115,246
)
Tax effect from stock-based compensation
(85
)
 

 

 
(85
)
Dividends paid
(10,124
)
 

 

 
(10,124
)
Other
(2,736
)
 
(423
)
 

 
(3,159
)
Borrowings (repayments) with subsidiaries
233,120

 
(236,314
)
 
3,194

 

Investment in subsidiaries
(195,937
)
 
123,624

 
72,313

 

Distributions to parent

 

 

 

Net cash provided by (used in) financing activities
(80,872
)
 
(45,222
)
 
70,769

 
(55,325
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

 
2,256

 
2,256

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 
(843
)
 
12,771

 
11,928

CASH AND CASH EQUIVALENTS, beginning of period

 
6,338

 
6,699

 
13,037

CASH AND CASH EQUIVALENTS, end of period
$

 
$
5,495

 
$
19,470

 
$
24,965



CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2015
 
Group 1 Automotive, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Company
 
(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
82,124

 
$
(6,018
)
 
$
4,469

 
$
80,575

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Cash paid in acquisitions, net of cash received

 
(130,783
)
 

 
(130,783
)
Proceeds from disposition of franchises, property and equipment

 
6,845

 
494

 
7,339

Purchases of property and equipment, including real estate

 
(39,305
)
 
(9,181
)
 
(48,486
)
Other

 
6,294

 

 
6,294

Net cash used in investing activities

 
(156,949
)
 
(8,687
)
 
(165,636
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings on credit facility - floorplan line and other

 
3,550,526

 

 
3,550,526

Repayments on credit facility - floorplan line and other

 
(3,466,772
)
 

 
(3,466,772
)
Borrowings on credit facility - acquisition line
346,050

 

 

 
346,050

Repayment on credit facility - acquisition line
(324,222
)
 

 

 
(324,222
)
Borrowings on other debt

 
138

 
25,606

 
25,744

Principal payments on other debt

 
(989
)
 
(25,953
)
 
(26,942
)
Borrowings on debt related to real estate, net of debt issue costs

 

 
22,430

 
22,430

Principal payments on debt related to real estate

 
(12,846
)
 
(1,513
)
 
(14,359
)
Employee stock purchase plan purchases, net of employee tax withholdings
(1,113
)
 

 

 
(1,113
)
Repurchases of common stock, amounts based on settlement date
(33,121
)
 

 

 
(33,121
)
Tax effect from stock-based compensation

 
1,439

 

 
1,439

Dividends paid
(9,737
)
 

 

 
(9,737
)
Borrowings (repayments) with subsidiaries
80,027

 
(54,206
)
 
(25,821
)
 

Investment in subsidiaries
(140,008
)
 
124,918

 
15,090

 

Distributions to parent

 

 

 

Net cash provided by (used in) financing activities
(82,124
)
 
142,208

 
9,839

 
69,923

EFFECT OF EXCHANGE RATE CHANGES ON CASH

 

 
(1,612
)
 
(1,612
)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 
(20,759
)
 
4,009

 
(16,750
)
CASH AND CASH EQUIVALENTS, beginning of period

 
25,379

 
15,596

 
40,975

CASH AND CASH EQUIVALENTS, end of period
$

 
$
4,620

 
$
19,605

 
$
24,225

XML 51 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Interim Financial Information Interim Financial Information (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Variable Interest Entity [Line Items]    
Total assets $ 4,500,800 $ 4,396,716
Assets, Current 2,201,957 2,188,370
Liabilities, Current 2,111,874 2,039,268
Variable Interest Entity, Primary Beneficiary [Member]    
Variable Interest Entity [Line Items]    
Total assets 26,210 23,871
Assets, Current 12,721 12,849
Long-Lived Assets 13,489 11,022
Total liabilities 30,718 25,321
Liabilities, Current 9,783 8,257
Liabilities, Noncurrent $ 20,935 $ 17,064
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Interim Financial Information (Details Textual)
$ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2016
dealerships
town
states
Dec. 31, 2015
USD ($)
Business And Organization [Line Items]    
Number of Domestic Regions 2  
Number of International Regions 2  
Number of Reportable Segments 3  
Variable Interest Entity, Ownership Percentage 8.00%  
Deferred income taxes | $   $ 14.1
Debt Issuance Costs, Current Assets | $   0.5
Debt Issuance Costs, Long-term Assets | $   $ 3.6
East [Member]    
Business And Organization [Line Items]    
Number of Dealerships 37  
West [Member]    
Business And Organization [Line Items]    
Number of Dealerships 77  
U.S. [Member]    
Business And Organization [Line Items]    
Number of States in which Entity Operates | states 14  
U.K. [Member]    
Business And Organization [Line Items]    
Number of Towns in which Entity Operates | town 19  
Number of Dealerships 29  
Brazil [Member]    
Business And Organization [Line Items]    
Number of States in which Entity Operates | states 4  
Number of Dealerships 18  
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Acquisitions and Dispositions Acquisitions and Dispositions (Details textuals)
$ in Millions
6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Acquisitions and Dispositions (Textual) [Abstract]    
Business Combination, Consideration Transferred $ 60.4  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents 3.9  
Business Combination, Contingent Consideration, Payable to Sellers $ 1.8  
Gain (Loss) on Disposition of Business   $ 0.7
U.S. [Member]    
Acquisitions and Dispositions (Textual) [Abstract]    
Number Of Dealerships Acquired   2
Number of Dealerships Disposed 2 1
Gain (Loss) on Disposition of Business $ 0.7  
Number of Franchises Disposed   1
U.K. [Member]    
Acquisitions and Dispositions (Textual) [Abstract]    
Number Of Dealerships Acquired 12  
Number of Franchises Acquired 17  
Brazil [Member]    
Acquisitions and Dispositions (Textual) [Abstract]    
Number Of Dealerships Acquired 1  
Number of Franchises Acquired 2  
Number Of Dealerships Opened 2  
Number Of Franchises Awarded 2  
Number of Dealerships Disposed 4  
Gain (Loss) on Disposition of Business $ (1.4)  
Number of Franchises Disposed   2
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Risk Management Activities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Derivatives in cash flow hedging relationship        
Interest rate swap contracts $ (5,621) $ 1,804 $ (16,763) $ (4,709)
Location of Loss Reclassified from OCI into Statements of Operations        
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $ (2,141) $ (1,980) (4,256) (3,947)
Floorplan Interest Expense [Member]        
Location of Loss Reclassified from OCI into Statements of Operations        
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax     5,623 5,470
Other Interest Expense [Member]        
Location of Loss Reclassified from OCI into Statements of Operations        
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax     $ 1,186 845
Interest Rate Swap Contracts [Member]        
Derivatives in cash flow hedging relationship        
Interest rate swap contracts       $ (4,709)
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Risk Management Activities (Details Textual)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
swap
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
swap
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]            
Increase in floor plan interest expense due to impact of interest rate hedges $ 2,900 $ 2,800 $ 5,600 $ 5,500    
Floor Plan Interest Expense $ 11,593 10,015 22,603 19,362    
Forward swaps expiration date Mar. 01, 2023          
Fair value of derivative financial instruments included in balance sheet as liabilities from interest risk management activities $ 51,134   51,134   $ 31,153  
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax (31,959) $ (18,671) (31,959) $ (18,671) $ (19,452) $ (17,909)
Amount expected to be reclassified from other comprehensive loss into earnings 13,800   13,800      
Interest Rate Swap [Member]            
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]            
Aggregate notional value of forward interest rate swaps $ 616,700   $ 616,700      
Derivative, Average Fixed Interest Rate 2.60%   2.60%      
Interest Rate Swaps Forward Starting [Member]            
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]            
Aggregate notional value of forward interest rate swaps $ 850,000   $ 850,000      
Derivative, Average Fixed Interest Rate 2.30%   2.30%      
Number of additional forward interest rate swaps | swap 17   17      
Maximum Notional Amount Of Derivatives In Effect At Any Time $ 908,600   $ 908,600      
Minimum [Member] | Interest Rate Swaps Forward Starting [Member]            
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]            
Forward swaps start date Dec. 31, 2016          
Forward swaps expiration date Dec. 31, 2019          
Maximum [Member] | Interest Rate Swaps Forward Starting [Member]            
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]            
Forward swaps start date Jan. 02, 2019          
Forward swaps expiration date Dec. 31, 2021          
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation Plans (Details)
6 Months Ended
Jun. 30, 2016
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Awards, Nonvested at December 31, 2015 | shares 893,360
Awards, Granted | shares 224,520
Awards, Vested | shares (215,980)
Awards, Forfeited | shares (12,360)
Awards, Nonvested at June 30, 2016 | shares 889,540
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]  
Weighted Average Grant Date Fair Value, Nonvested, December 31, 2015 | $ / shares $ 69.16
Weighted Average Grant Date Fair Value, Granted | $ / shares 53.82
Weighted Average Grant Date Fair Value, Vested | $ / shares 57.59
Weighted Average Grant Date Fair Value, Forfeited | $ / shares 75.66
Weighted Average Grant Date Fair Value, Nonvested, June 30, 2016 | $ / shares $ 68.03
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation Plans (Details Textual) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Stock-based Compensation Plans (Textual) [Abstract]        
Share-based Compensation $ 4,658 $ 4,565 $ 10,169 $ 9,453
Cash received from employee stock purchase plan purchases     3,900 3,800
Tax benefit realized for the tax deductions     $ 100 $ 1,400
2014 Long Term Incentive Plan [Member]        
Stock-based Compensation Plans (Textual) [Abstract]        
Expiry date for stock options grant May 21, 2024      
Shares available for grant under the incentive plan 1,241,041   1,241,041  
Employee Stock Purchase Plan [Member]        
Stock-based Compensation Plans (Textual) [Abstract]        
Expiry date for stock options grant May 19, 2025      
Shares available for grant under the incentive plan 1,329,013   1,329,013  
Shares authorized for issuance 4,500,000   4,500,000  
Employee stock purchase price in percentage of fair market value 85.00%      
Shares issued to employee under purchase plan     44,806 51,748
Weighted average fair value of employee stock purchase rights issued     $ 14.11 $ 18.12
Maximum [Member]        
Stock-based Compensation Plans (Textual) [Abstract]        
Range Of Forfeiture Provisions     5 years  
XML 58 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Basic and Diluted Earnings per share        
Weighted average basic common shares outstanding 21,057 23,312 21,753 23,377
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock 13 3 9 3
Weighted average dilutive common shares outstanding 21,070 23,315 21,762 23,380
Basic:        
Net income $ 46,580 $ 46,310 $ 80,871 $ 82,124
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic 1,885 1,792 3,224 3,176
Earnings available to basic common shares $ 44,695 $ 44,518 $ 77,647 $ 78,948
Basic earnings per common share $ 2.12 $ 1.91 $ 3.57 $ 3.38
Diluted:        
Net income $ 46,580 $ 46,310 $ 80,871 $ 82,124
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted 1,884 1,792 3,223 3,176
Earnings available to diluted common shares $ 44,696 $ 44,518 $ 77,648 $ 78,948
Diluted earnings per common share $ 2.12 $ 1.91 $ 3.57 $ 3.38
XML 59 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes (Details Textual) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Income Tax Disclosure [Abstract]          
Income Tax Disclosure [Text Block]    
INCOME TAXES
The Company is subject to U.S. federal income taxes and income taxes in numerous U.S. states. In addition, the Company is subject to income tax in the U.K. and Brazil relative to its foreign subsidiaries. The Company's effective income tax rate of 32.6% and 34.3% of pretax income for the three and six months ended June 30, 2016, respectively, was less than the U.S. federal statutory rate of 35.0% due primarily to the mix of pretax income between our U.S and foreign jurisdictions in which the Company operates and the tax impact of a dealership disposition in Brazil, partially offset by taxes provided for in U.S. state jurisdictions and valuation allowances provided for net operating losses and other deferred tax assets in certain U.S states and in Brazil.
For the three and six months ended June 30, 2016, the Company's effective tax rate decreased to 32.6% and 34.3%, respectively, as compared to 37.2% and 37.4% for the same periods in 2015. This decrease was primarily due to the mix effect resulting from proportionately more pretax income generated in the Company's U.K. region, as well as changes to valuation allowances provided for net operating losses and other deferred tax assets in certain U.S. states and in Brazil, in addition to the tax impact of a dealership disposition in Brazil during the period ended June 30, 2016.
As of June 30, 2016 and December 31, 2015, the Company had no unrecognized tax benefits with respect to uncertain tax positions and did not incur any interest and penalties nor did it accrue any interest for the six months ended June 30, 2016. When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense.
Taxable years 2011 and subsequent remain open for examination by the Company’s major taxing jurisdictions.
   
Effective tax rate 32.60% 37.20% 34.30% 37.40%  
U.S. federal statutory corporate tax rate     35.00%    
Unrecognized Tax Benefits $ 0   $ 0   $ 0
Open Tax Year 2011        
XML 60 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
Detail of Certain Balance Sheet Accounts (Accounts and Notes Receivable) (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Accounts and notes receivable    
Total accounts and notes receivable $ 154,196 $ 160,972
Less allowance for doubtful accounts 2,541 3,204
Accounts and notes receivable, net 151,655 157,768
Amounts due from manufacturers [Member]    
Accounts and notes receivable    
Total accounts and notes receivable 87,125 93,206
Parts and service receivables [Member]    
Accounts and notes receivable    
Total accounts and notes receivable 33,651 32,479
Finance and insurance receivables, net [Member]    
Accounts and notes receivable    
Total accounts and notes receivable 21,381 22,374
Other [Member]    
Accounts and notes receivable    
Total accounts and notes receivable $ 12,039 $ 12,913
XML 61 R50.htm IDEA: XBRL DOCUMENT v3.5.0.2
Detail of Certain Balance Sheet Accounts (Inventories) (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Summary of inventories    
New Vehicles Inventory, Gross $ 1,258,485 $ 1,262,797
Used Vehicles Inventory, Gross 316,070 275,508
Rental Vehicles Inventory, Gross 142,626 134,509
Parts, Accessories and Other Inventory, Gross 74,964 72,917
Inventory, Gross 1,792,145 1,745,731
Lower of cost or market reserves 8,031 7,980
Inventories, net $ 1,784,114 $ 1,737,751
XML 62 R51.htm IDEA: XBRL DOCUMENT v3.5.0.2
Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross $ 1,332,817 $ 1,269,119
Less accumulated depreciation and amortization 251,585 235,138
Property and equipment, net 1,081,232 1,033,981
Land [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross 378,715 364,475
Building [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross $ 525,097 505,414
Building [Member] | Minimum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P30Y  
Building [Member] | Maximum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P50Y  
Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives varies  
Property, Plant and Equipment, Gross $ 160,866 155,585
Machinery and Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross $ 96,562 90,993
Machinery and Equipment [Member] | Minimum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P7Y  
Machinery and Equipment [Member] | Maximum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P20Y  
Furniture and Fixtures [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross $ 86,882 82,688
Furniture and Fixtures [Member] | Minimum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P3Y  
Furniture and Fixtures [Member] | Maximum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P10Y  
Vehicles [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross $ 11,789 11,603
Vehicles [Member] | Minimum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P3Y  
Vehicles [Member] | Maximum [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Estimated Useful Lives P5Y  
Construction in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Property, Plant and Equipment, Gross $ 72,906 $ 58,361
XML 63 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details Textual) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Property, Plant and Equipment [Line Items]      
Capital expenditures incurred for purchase and construction of assets $ 50,900    
Capital Expenditures Incurred but Not yet Paid 21,241 $ 5,731 $ 32,700
Assets Held-for-sale, Long Lived 0   $ 1,400
Land and Building [Member]      
Property, Plant and Equipment [Line Items]      
Acquisition of fixed assets 7,900    
Land and Building [Member] | Dealership Acquisitions [Member]      
Property, Plant and Equipment [Line Items]      
Acquisition of fixed assets $ 28,800    
XML 64 R53.htm IDEA: XBRL DOCUMENT v3.5.0.2
Credit Facilities (Details Textual)
$ in Thousands
3 Months Ended
Jun. 30, 2016
USD ($)
loan
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Line of Credit Facility [Line Items]      
Floorplan Offset $ (35,461)   $ (110,759)
FMCC Offset (27,500)   $ (25,500)
Revolving Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity under line of credit facility $ 1,800,000 $ 1,700,000  
Expiry date of Revolving Credit Facility Jun. 17, 2021 Jun. 20, 2018  
Number of financial institutions | loan 24    
Number of Manufacturer-affiliated finance companies | loan 6    
Number of tranches 2    
Line Of Credit Facility Maximum Borrowing Capacity Can Be Extended Amount $ 2,100,000    
Line of credit facility, Unamortized Cost 5,900    
Maximum Limit Of Restricted Payment Basket 208,500    
Restricted payment 108,800    
Brazil Credit Facilities [Member]      
Line of Credit Facility [Line Items]      
Line of Credit Facility, Amount Outstanding 16,700    
FMCC Facility [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity under line of credit facility $ 300,000    
Debt Instrument, Basis Spread on Variable Rate 1.50%    
Line of Credit Facility, Amount Outstanding $ 159,000    
Available amount under borrowing capacity $ 141,000    
Cancellation of agreement 30 days    
Debt interest rate 5.00%    
Revolving Credit Facility, Floorplan Line [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity under line of credit facility $ 1,750,000    
Commitment fees, Percentage 0.15%    
Maximum period for outstanding borrowing 1 year    
Line of Credit Facility, Amount Outstanding $ 1,198,100    
Available amount under borrowing capacity 241,900    
Floorplan Offset $ (35,500)    
Weighted average interest rate 1.70%   1.70%
Revolving Credit Facility, Floorplan Line, New Vehicles [Member]      
Line of Credit Facility [Line Items]      
Debt Instrument, Basis Spread on Variable Rate 1.25%    
Revolving Credit Facility, Floorplan Line, Used Vehicles [Member]      
Line of Credit Facility [Line Items]      
Debt Instrument, Basis Spread on Variable Rate 1.50%    
Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity under line of credit facility $ 360,000    
Line Of Credit Facility, Minimum Borrowing Capacity $ 50,000    
Debt Instrument, Basis Spread on Variable Rate 1.50%    
Line of Credit Facility, Amount Outstanding $ 10,000   $ 0
Available amount under borrowing capacity 252,300    
Letters of credit outstanding 37,100    
Rental Vehicle Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Line of Credit Facility, Amount Outstanding 116,000    
UK Credit Facilities [Member]      
Line of Credit Facility [Line Items]      
Line of Credit Facility, Amount Outstanding $ 83,800    
Minimum [Member] | Brazil Credit Facilities [Member]      
Line of Credit Facility [Line Items]      
Debt interest rate 16.77%    
Debt Instrument Maturity Date Period 1 month    
Grace Period for Outstanding Borrowings 0 days    
Minimum [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Commitment fees, Percentage 0.20%    
Minimum [Member] | UK Credit Facilities [Member]      
Line of Credit Facility [Line Items]      
Debt interest rate 1.73%    
Maximum [Member] | Brazil Credit Facilities [Member]      
Line of Credit Facility [Line Items]      
Debt interest rate 24.45%    
Debt Instrument Maturity Date Period 12 months    
Grace Period for Outstanding Borrowings 90 days    
Maximum [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Commitment fees, Percentage 0.45%    
Maximum [Member] | Rental Vehicle Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Debt interest rate 5.00%    
Debt Instrument Maturity Date Period 2 years    
Maximum [Member] | UK Credit Facilities [Member]      
Line of Credit Facility [Line Items]      
Debt interest rate 3.95%    
United States of America, Dollars | Minimum [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Debt Instrument, Basis Spread on Variable Rate 0.00%    
United States of America, Dollars | Maximum [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Debt Instrument, Basis Spread on Variable Rate 1.00%    
Euros or Pound Sterling [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity under line of credit facility $ 125,000    
Euros or Pound Sterling [Member] | Minimum [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Debt Instrument, Basis Spread on Variable Rate 1.25%    
Euros or Pound Sterling [Member] | Maximum [Member] | Revolving Credit Facility, Acquisition Line [Member]      
Line of Credit Facility [Line Items]      
Debt Instrument, Basis Spread on Variable Rate 2.50%    
XML 65 R54.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Details) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Sep. 30, 2014
Jun. 30, 2014
Debt Instrument [Line Items]        
Net carrying amount of liability component $ 1,284,330 $ 1,251,555    
Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current 33,390 52,021    
LONG-TERM DEBT, net of current maturities $ 1,250,940 1,199,534    
Lease Expiration Date Jun. 01, 2034      
5.00% Senior Note [Member]        
Debt Instrument [Line Items]        
Unsecured Long-term Debt, Noncurrent $ 539,690 538,933    
Debt Instrument, Face Amount 550,000 550,000 $ 200,000 $ 350,000
5.25% Senior Note [Member]        
Debt Instrument [Line Items]        
Unsecured Long-term Debt, Noncurrent 295,320 295,156    
Debt Instrument, Face Amount 300,000 300,000    
Real Estate Related and Other Long-Term Debt [Member]        
Debt Instrument [Line Items]        
Real Estate Related and Other Long-Term Debt 389,593 365,564    
Capital Lease Obligations [Member]        
Debt Instrument [Line Items]        
Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.8% $ 49,727 $ 51,902    
Debt, Weighted Average Interest Rate 9.80% 9.80%    
XML 66 R55.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Details Textual) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2016
Dec. 31, 2015
Sep. 30, 2014
Jun. 30, 2014
Long-term Debt (Textual)          
Short-term Debt $ 9,600 $ 9,600 $ 3,000    
Amortization period of underwriters fees and debt issuance costs 8 years        
Number of manufacturer-affiliated finance partners 3 3      
Current maturities of long-term debt and short-term financing $ 42,993 $ 42,993 54,991    
Debt, Long-term and Short-term, Combined Amount 8,300 8,300      
5.00% Senior Note [Member]          
Long-term Debt (Textual)          
Note agreement with a third party financial institution $ 550,000 $ 550,000 550,000 $ 200,000 $ 350,000
Debt Instrument, Interest Rate, Stated Percentage 5.00% 5.00%      
Ending date of installments to be repaid Jun. 01, 2022        
Additional borrowings discount from face value 1.50% 1.50%      
Long-term Debt Underwriters Fees, Discount, and Debt Issuance Costs Original $ 13,100 $ 13,100      
Unamortized Underwriters Fees, Discount, and Debt Issuance Costs $ 10,300 $ 10,300      
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed 35.00%        
Redemption price percentage of principal outstanding and accrued unpaid interest 105.00% 105.00%      
Redemption price percentage of principal redeemed 100.00% 100.00%      
Long-term Debt, Fair Value $ 543,100 $ 543,100 545,900    
5.25% Senior Note [Member]          
Long-term Debt (Textual)          
Note agreement with a third party financial institution $ 300,000 $ 300,000 300,000    
Debt Instrument, Interest Rate, Stated Percentage 5.25% 5.25%      
Amortization period of underwriters fees and debt issuance costs 8 years        
Maturity date of notes Dec. 15, 2023        
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed 35.00%        
Redemption price percentage of principal outstanding and accrued unpaid interest 105.25% 105.25%      
Redemption price percentage of principal redeemed 100.00% 100.00%      
Long-term Debt Underwriters Fees and Debt Issuance Costs Original $ 5,000 $ 5,000      
Unamortized Underwriters Fees and Debt Issuance Costs 4,700 4,700      
Long-term Debt, Fair Value 296,300 296,300 297,800    
Real Estate Related and Other Long Term Debt [Member]          
Long-term Debt (Textual)          
Long-term Debt, Percentage Bearing Fixed Interest, Amount 97,300 97,300 100,700    
Long-term Debt, Percentage Bearing Fixed Interest, Fair Value 98,500 98,500 $ 102,400    
Real Estate Related Debt [Member]          
Long-term Debt (Textual)          
Note agreement with a third party financial institution $ 351,100 351,100      
Interest on real estate notes, minimum 3.00%        
Interest on real estate notes, maximum 4.69%        
Debt Issuance Cost $ 2,700        
Unamortized debt issuance cost $ 700 700      
Number of loans as per loan agreements 54        
Total borrowings $ 318,800 318,800      
Current maturities of long-term debt and short-term financing $ 23,600 23,600      
Proceeds from Issuance of Long-term Debt   30,300      
Repayments of Long-term Debt   7,700      
Real Estate Related Debt [Member] | Minimum [Member]          
Long-term Debt (Textual)          
Maturity date of notes May 01, 2017        
Variable Interest Rate 1.50%        
Amortization schedule 15 years        
Real Estate Related Debt [Member] | Maximum [Member]          
Long-term Debt (Textual)          
Maturity date of notes Dec. 01, 2024        
Variable Interest Rate 2.50%        
Amortization schedule 20 years        
Brazil Note [Member]          
Long-term Debt (Textual)          
Maturity date of notes Apr. 01, 2025        
Total borrowings $ 4,100 4,100      
Current maturities of long-term debt and short-term financing 400 400      
Proceeds from Issuance of Long-term Debt   0      
Repayments of Long-term Debt   100      
Brazilian third party financial institution [Member]          
Long-term Debt (Textual)          
Short-term Debt $ 6,800 6,800      
Ending date of installments to be repaid Feb. 01, 2017        
Proceeds from Issuance of Long-term Debt   0      
U.K. Note [Member]          
Long-term Debt (Textual)          
Maturity date of notes Sep. 01, 2034        
Number of loans as per loan agreements 0        
Total borrowings $ 57,100 57,100      
Current maturities of long-term debt and short-term financing $ 4,700 4,700      
Proceeds from Issuance of Long-term Debt   0      
Repayments of Long-term Debt   $ 2,400      
XML 67 R56.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets:    
Interest Rate Derivative Assets, at Fair Value   $ 31
Total $ 2,897 4,397
Liabilities:    
Interest Rate Derivative Liabilities, at Fair Value 51,134 31,153
Total 51,134 31,153
Level 2 [Member]    
Assets:    
Interest Rate Derivative Assets, at Fair Value   31
Total 2,897 4,397
Liabilities:    
Interest Rate Derivative Liabilities, at Fair Value 51,134 31,153
Total 51,134 31,153
Investments [Member]    
Assets:    
Investments, Fair Value Disclosure 2,765 4,235
Investments [Member] | Level 2 [Member]    
Assets:    
Investments, Fair Value Disclosure 2,765 4,235
Demand Obligation [Member]    
Assets:    
Investments, Fair Value Disclosure 132 131
Demand Obligation [Member] | Level 2 [Member]    
Assets:    
Investments, Fair Value Disclosure $ 132 $ 131
XML 68 R57.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Franchise Rights and Goodwill (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2016
USD ($)
Intangible Franchise Rights [Roll Forward]  
Intangible Franchise Rights, Beginning Balance $ 307,588
Additions through acquisitions 14,087
Currency Translation 1,299
Intangible Franchise Rights, Ending Balance 322,974
Goodwill [Roll Forward]  
Goodwill, Beginning Balance 854,915
Goodwill, Acquired During Period 31,773
Goodwill, Purchase Accounting Adjustments 1,116
Goodwill, Written off Related to Sale of Business Unit (2,226)
Goodwill, Translation Adjustments (3,597)
Goodwill, Ending Balance 881,981 [1]
Goodwill, Impaired, Accumulated Impairment Loss 97,800
U.S. [Member]  
Intangible Franchise Rights [Roll Forward]  
Intangible Franchise Rights, Beginning Balance 285,659
Additions through acquisitions 0
Currency Translation 0
Intangible Franchise Rights, Ending Balance 285,659
Goodwill [Roll Forward]  
Goodwill, Beginning Balance 809,775 [1]
Goodwill, Acquired During Period 0
Goodwill, Purchase Accounting Adjustments 39
Goodwill, Written off Related to Sale of Business Unit (2,035)
Goodwill, Translation Adjustments 0
Goodwill, Ending Balance 807,779 [1]
U.K. [Member]  
Intangible Franchise Rights [Roll Forward]  
Intangible Franchise Rights, Beginning Balance 7,773
Additions through acquisitions 14,087
Currency Translation (1,903)
Intangible Franchise Rights, Ending Balance 19,957
Goodwill [Roll Forward]  
Goodwill, Beginning Balance 35,320 [1]
Goodwill, Acquired During Period 30,755
Goodwill, Purchase Accounting Adjustments 1,077
Goodwill, Written off Related to Sale of Business Unit 0
Goodwill, Translation Adjustments (5,902)
Goodwill, Ending Balance 61,250 [1]
Brazil [Member]  
Intangible Franchise Rights [Roll Forward]  
Intangible Franchise Rights, Beginning Balance 14,156
Additions through acquisitions 0
Currency Translation 3,202
Intangible Franchise Rights, Ending Balance 17,358
Goodwill [Roll Forward]  
Goodwill, Beginning Balance 9,820 [1]
Goodwill, Acquired During Period 1,018
Goodwill, Purchase Accounting Adjustments 0
Goodwill, Written off Related to Sale of Business Unit (191)
Goodwill, Translation Adjustments 2,305
Goodwill, Ending Balance $ 12,952 [1]
[1] 1) Net of accumulated impairment of $97.8 million.
XML 69 R58.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Changes in the balances of each component of accumulated other comprehensive income        
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Beginning Balance     $ (118,532) $ (64,075)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent     (3,913) (20,595)
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax     0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax     0 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax     (3,913) (20,595)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Ending Balance $ (122,445) $ (84,670) (122,445) (84,670)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Beginning Balance     (19,452) (17,909)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax     (26,821) (7,534)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax 3,373 (1,082) 10,058 2,825
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax (1,285) (1,188) (2,553) (2,368)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (3,480) 3,784 (12,507) (762)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance (31,959) (18,671) (31,959) (18,671)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance     (137,984) (81,984)
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent     (30,734) (28,129)
Other Comprehensive Income (Loss) before Reclassifications, Tax     10,058 2,825
Other Comprehensive Income (Loss), Tax     (2,553) (2,368)
Other comprehensive income (loss), net of tax     (16,420) (21,357)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance $ (154,404) $ (103,341) (137,984) (81,984)
Floorplan Interest Expense [Member]        
Changes in the balances of each component of accumulated other comprehensive income        
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax     0 0
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax     5,623 5,470
Other Comprehensive Income (Loss), before Tax     5,623 5,470
Interest Expense [Member]        
Changes in the balances of each component of accumulated other comprehensive income        
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax     0 0
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax     1,186 845
Other Comprehensive Income (Loss), before Tax     $ 1,186 $ 845
XML 70 R59.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Segment Reporting Information, Profit (Loss) [Abstract]          
REVENUES: $ 2,782,449 $ 2,726,480 $ 5,390,804 $ 5,159,334  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 69,062 73,777 123,164 131,250  
BENEFIT (PROVISION) FOR INCOME TAXES (22,482) (27,467) (42,293) (49,126)  
Net Income (Loss) Attributable to Parent 46,580 46,310 80,871 82,124  
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]          
Assets $ 4,500,800   $ 4,500,800   $ 4,396,716
Segment Information    
SEGMENT INFORMATION
As of June 30, 2016, 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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.
Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended June 30, 2016
 
 
Six Months Ended June 30, 2016
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,207,381

 
$
467,792

 
$
107,276

 
$
2,782,449

 
 
$
4,289,014

 
$
899,688

 
$
202,102

 
$
5,390,804

Income (loss) before income taxes
61,784

 
7,929

 
(651
)
 
69,062

 
 
111,989

 
13,449

 
(2,274
)
 
123,164

(Provision) benefit for income taxes
(22,854
)
 
(1,586
)
 
1,958

 
(22,482
)
 
 
(41,685
)
 
(2,756
)
 
2,148

 
(42,293
)
Net income (loss) (1)
$
38,930

 
$
6,343

 
$
1,307

 
$
46,580

 
 
70,304

 
10,693

 
(126
)
 
80,871

 
Three Months Ended June 30, 2015
 
 
Six Months Ended June 30, 2015
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
(In thousands)
 
 
(In thousands)
Total revenues
$
2,287,446

 
$
308,167

 
$
130,867

 
$
2,726,480

 
 
$
4,285,946

 
$
607,708

 
$
265,680

 
$
5,159,334

Income (loss) before income taxes
69,431

 
4,831

 
(485
)
 
73,777

 
 
122,589

 
9,951

 
(1,290
)
 
131,250

Provision for income taxes
(26,288
)
 
(1,010
)
 
(169
)
 
(27,467
)
 
 
(46,651
)
 
(2,009
)
 
(466
)
 
(49,126
)
Net income (loss)
$
43,143

 
$
3,821

 
$
(654
)
 
$
46,310

 
 
75,938

 
7,942

 
(1,756
)
 
82,124

(1) Includes the following, after tax: loss due to catastrophic events of $1.7 million and $3.4 million for the three and six months ended June 30, 2016, respectively, in the U.S. segment; and foreign deferred income tax benefit of $1.7 million for the three and six months ended June 30, 2016 in the Brazil segment.

Reportable segment total assets as of June 30, 2016 and December 31, 2015 were as follows:
 
As of June 30, 2016
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,874,447

 
$
485,596

 
$
140,757

 
$
4,500,800

 

 
As of December 31, 2015
 
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
(In thousands)
 
Total assets
$
3,923,001

 
$
358,476

 
$
115,239

 
$
4,396,716

 
   
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]          
Number of Reportable Segments 3        
U.S. [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
REVENUES: $ 2,207,381 2,287,446 $ 4,289,014 4,285,946  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 61,784 69,431 111,989 122,589  
BENEFIT (PROVISION) FOR INCOME TAXES (22,854) (26,288) (41,685) (46,651)  
Net Income (Loss) Attributable to Parent 38,930 43,143 70,304 75,938  
Loss from Catastrophes 1,700   3,400    
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]          
Assets 3,874,447   3,874,447   3,923,001
U.K. [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
REVENUES: 467,792 308,167 899,688 607,708  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 7,929 4,831 13,449 9,951  
BENEFIT (PROVISION) FOR INCOME TAXES (1,586) (1,010) (2,756) (2,009)  
Net Income (Loss) Attributable to Parent 6,343 3,821 10,693 7,942  
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]          
Assets 485,596   485,596   358,476
Brazil [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
REVENUES: 107,276 130,867 202,102 265,680  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest (651) (485) (2,274) (1,290)  
BENEFIT (PROVISION) FOR INCOME TAXES 1,958 (169) 2,148 (466)  
Net Income (Loss) Attributable to Parent 1,307 $ (654) (126) $ (1,756)  
Deferred Foreign Income Tax Expense (Benefit) (1,700)   (1,700)    
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]          
Assets $ 140,757   $ 140,757   $ 115,239
XML 71 R60.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Financial Information Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents $ 24,965 $ 13,037 $ 24,225 $ 40,975
Contracts-in-transit and vehicle receivables, net 212,304 252,438    
Accounts and notes receivable, net 151,655 157,768    
Intercompany accounts receivable 0 0    
Inventories, net 1,784,114 1,737,751    
Deferred income taxes   14,100    
Prepaid expenses and other current assets 28,919 27,376    
Total current assets 2,201,957 2,188,370    
PROPERTY AND EQUIPMENT, net 1,081,232 1,033,981    
GOODWILL 881,981 [1] 854,915    
INTANGIBLE FRANCHISE RIGHTS 322,974 307,588    
INVESTMENT IN SUBSIDIARIES 0 0    
OTHER ASSETS 12,656 11,862    
Total assets 4,500,800 4,396,716    
Floorplan notes payable — credit facility and other 1,239,220 1,265,719    
Offset account related to floorplan notes payable - credit facility (35,461) (110,759)    
Floorplan notes payable - manufacturer affiliates 397,295 389,071    
Offset account related to floorplan notes payable - manufacturer affiliates (27,500) (25,500)    
Current maturities of long-term debt and short-term financing 42,993 54,991    
Accounts payable 313,219 280,423    
Intercompany accounts payable 0 0    
Accrued expenses 182,108 185,323    
Total current liabilities 2,111,874 2,039,268    
LONG-TERM DEBT, net of current maturities 1,250,940 1,199,534    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 49,438 31,153    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 220,996 208,509    
Group 1 stockholders’ equity 867,552 918,252    
Intercompany note receivable 0 0    
Total stockholders’ equity 867,552 918,252    
Total liabilities and stockholders’ equity 4,500,800 4,396,716    
Parent Company [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 0 0 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    
Prepaid expenses and other current assets 684 5,312    
Total current assets 684 5,312    
PROPERTY AND EQUIPMENT, net 0 0    
GOODWILL 0 0    
INTANGIBLE FRANCHISE RIGHTS 0 0    
INVESTMENT IN SUBSIDIARIES 2,584,017 2,388,081    
OTHER ASSETS 0 0    
Total assets 2,584,701 2,393,393    
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 and short-term financing 0 0    
Accounts payable 0 0    
Intercompany accounts payable 718,412 503,333    
Accrued expenses 0 0    
Total current liabilities 718,412 503,333    
LONG-TERM DEBT, net of current maturities 845,010 834,090    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 0 0    
DEFERRED INCOME TAXES AND OTHER LIABILITIES (678) (265)    
Group 1 stockholders’ equity 1,021,957 1,056,235    
Intercompany note receivable 0 0    
Total stockholders’ equity 1,021,957 1,056,235    
Total liabilities and stockholders’ equity 2,584,701 2,393,393    
Guarantor Subsidiaries [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 5,495 6,338 4,620 25,379
Contracts-in-transit and vehicle receivables, net 173,024 233,275    
Accounts and notes receivable, net 116,770 132,078    
Intercompany accounts receivable 4,386 1,192    
Inventories, net 1,532,707 1,533,166    
Prepaid expenses and other current assets 8,643 8,946    
Total current assets 1,841,025 1,914,995    
PROPERTY AND EQUIPMENT, net 938,378 916,338    
GOODWILL 807,781 809,775    
INTANGIBLE FRANCHISE RIGHTS 285,659 285,659    
INVESTMENT IN SUBSIDIARIES 0 0    
OTHER ASSETS 8,126 5,950    
Total assets 3,880,969 3,932,717    
Floorplan notes payable — credit facility and other 1,233,518 1,261,606    
Offset account related to floorplan notes payable - credit facility (35,461) (110,759)    
Floorplan notes payable - manufacturer affiliates 302,504 303,810    
Offset account related to floorplan notes payable - manufacturer affiliates (27,500) (25,500)    
Current maturities of long-term debt and short-term financing 28,246 47,015    
Accounts payable 158,500 178,544    
Intercompany accounts payable 0 0    
Accrued expenses 156,948 167,509    
Total current liabilities 1,816,755 1,822,225    
LONG-TERM DEBT, net of current maturities 340,094 300,788    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 49,438 31,153    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 212,649 203,824    
Group 1 stockholders’ equity 2,180,445 2,078,060    
Intercompany note receivable (718,412) (503,333)    
Total stockholders’ equity 1,462,033 1,574,727    
Total liabilities and stockholders’ equity 3,880,969 3,932,717    
Non-Guarantor Subsidiaries [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 19,470 6,699 $ 19,605 $ 15,596
Contracts-in-transit and vehicle receivables, net 39,280 19,163    
Accounts and notes receivable, net 34,885 25,690    
Intercompany accounts receivable 0 0    
Inventories, net 251,407 204,585    
Prepaid expenses and other current assets 19,592 13,118    
Total current assets 364,634 269,255    
PROPERTY AND EQUIPMENT, net 142,854 117,643    
GOODWILL 74,200 45,140    
INTANGIBLE FRANCHISE RIGHTS 37,315 21,929    
INVESTMENT IN SUBSIDIARIES 0 0    
OTHER ASSETS 4,530 5,912    
Total assets 623,533 459,879    
Floorplan notes payable — credit facility and other 5,702 4,113    
Offset account related to floorplan notes payable - credit facility 0 0    
Floorplan notes payable - manufacturer affiliates 94,791 85,261    
Offset account related to floorplan notes payable - manufacturer affiliates 0 0    
Current maturities of long-term debt and short-term financing 14,747 7,976    
Accounts payable 154,719 101,879    
Intercompany accounts payable 4,386 1,192    
Accrued expenses 25,160 17,814    
Total current liabilities 299,505 218,235    
LONG-TERM DEBT, net of current maturities 65,836 64,656    
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 0 0    
DEFERRED INCOME TAXES AND OTHER LIABILITIES 9,025 4,950    
Group 1 stockholders’ equity 249,167 172,038    
Intercompany note receivable 0 0    
Total stockholders’ equity 249,167 172,038    
Total liabilities and stockholders’ equity 623,533 459,879    
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 (4,386) (1,192)    
Inventories, net 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets (4,386) (1,192)    
PROPERTY AND EQUIPMENT, net 0 0    
GOODWILL 0 0    
INTANGIBLE FRANCHISE RIGHTS 0 0    
INVESTMENT IN SUBSIDIARIES (2,584,017) (2,388,081)    
OTHER ASSETS 0 0    
Total assets (2,588,403) (2,389,273)    
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 and short-term financing 0 0    
Accounts payable 0 0    
Intercompany accounts payable (722,798) (504,525)    
Accrued expenses 0 0    
Total current liabilities (722,798) (504,525)    
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 (2,584,017) (2,388,081)    
Intercompany note receivable 718,412 503,333    
Total stockholders’ equity (1,865,605) (1,884,748)    
Total liabilities and stockholders’ equity $ (2,588,403) $ (2,389,273)    
[1] 1) Net of accumulated impairment of $97.8 million.
XML 72 R61.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Income Statements, Captions [Line Items]        
REVENUES: $ 2,782,449 $ 2,726,480 $ 5,390,804 $ 5,159,334
COST OF SALES: 2,372,330 2,334,907 4,591,583 4,403,877
GROSS PROFIT 410,119 391,573 799,221 755,457
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 299,022 280,568 592,687 552,037
DEPRECIATION AND AMORTIZATION EXPENSE 12,713 11,946 25,177 23,630
ASSET IMPAIRMENTS 1,024 1,039 1,956 1,039
INCOME FROM OPERATIONS 97,360 98,020 179,401 178,751
Floorplan interest expense (11,593) (10,015) (22,603) (19,362)
Interest Expense, Other (16,705) (14,228) (33,634) (28,139)
INCOME BEFORE INCOME TAXES 69,062 73,777 123,164 131,250
BENEFIT (PROVISION) FOR INCOME TAXES (22,482) (27,467) (42,293) (49,126)
EQUITY IN EARNINGS OF SUBSIDIARIES 0 0 0 0
NET INCOME 46,580 46,310 80,871 82,124
COMPREHENSIVE LOSS (9,548) 13,783 (16,420) (21,357)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 37,032 60,093 64,451 60,767
Parent Company [Member]        
Condensed Income Statements, Captions [Line Items]        
REVENUES: 0 0 0 0
COST OF SALES: 0 0 0 0
GROSS PROFIT 0 0 0 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 605 848 1,808 2,079
DEPRECIATION AND AMORTIZATION EXPENSE 0 0 0 0
ASSET IMPAIRMENTS 0 0 0 0
INCOME FROM OPERATIONS (605) (848) (1,808) (2,079)
Floorplan interest expense 0 0 0 0
Interest Expense, Other 0 605 0 1,197
INCOME BEFORE INCOME TAXES (605) (243) (1,808) (882)
BENEFIT (PROVISION) FOR INCOME TAXES 227 92 677 331
EQUITY IN EARNINGS OF SUBSIDIARIES 46,958 46,461 82,002 82,675
NET INCOME 46,580 46,310 80,871 82,124
COMPREHENSIVE LOSS 0 0 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 46,580 46,310 80,871 82,124
Guarantor Subsidiaries [Member]        
Condensed Income Statements, Captions [Line Items]        
REVENUES: 2,207,383 2,287,447 4,289,016 4,285,947
COST OF SALES: 1,862,787 1,945,263 3,611,709 3,629,275
GROSS PROFIT 344,596 342,184 677,307 656,672
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 243,312 237,716 486,327 465,188
DEPRECIATION AND AMORTIZATION EXPENSE 10,642 10,357 21,238 20,475
ASSET IMPAIRMENTS 1,024 498 1,533 498
INCOME FROM OPERATIONS 89,618 93,613 168,209 170,511
Floorplan interest expense (10,402) (8,959) (20,450) (17,477)
Interest Expense, Other (16,072) (13,073) (32,124) (25,796)
INCOME BEFORE INCOME TAXES 63,144 71,581 115,635 127,238
BENEFIT (PROVISION) FOR INCOME TAXES (23,081) (26,382) (42,362) (46,985)
EQUITY IN EARNINGS OF SUBSIDIARIES 0 0 0 0
NET INCOME 40,063 45,199 73,273 80,253
COMPREHENSIVE LOSS (3,480) 3,784 (12,507) (762)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 36,583 48,983 60,766 79,491
Non-Guarantor Subsidiaries [Member]        
Condensed Income Statements, Captions [Line Items]        
REVENUES: 575,066 439,033 1,101,788 873,387
COST OF SALES: 509,543 389,644 979,874 774,602
GROSS PROFIT 65,523 49,389 121,914 98,785
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 55,105 42,004 104,552 84,770
DEPRECIATION AND AMORTIZATION EXPENSE 2,071 1,589 3,939 3,155
ASSET IMPAIRMENTS 0 541 423 541
INCOME FROM OPERATIONS 8,347 5,255 13,000 10,319
Floorplan interest expense (1,191) (1,056) (2,153) (1,885)
Interest Expense, Other (633) (1,760) (1,510) (3,540)
INCOME BEFORE INCOME TAXES 6,523 2,439 9,337 4,894
BENEFIT (PROVISION) FOR INCOME TAXES 372 (1,177) (608) (2,472)
EQUITY IN EARNINGS OF SUBSIDIARIES 0 0 0 0
NET INCOME 6,895 1,262 8,729 2,422
COMPREHENSIVE LOSS (6,068) 9,999 (3,913) (20,595)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT 827 11,261 4,816 (18,173)
Consolidation, Eliminations [Member]        
Condensed Income Statements, Captions [Line Items]        
REVENUES: 0 0 0 0
COST OF SALES: 0 0 0 0
GROSS PROFIT 0 0 0 0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 0 0 0 0
DEPRECIATION AND AMORTIZATION EXPENSE 0 0 0 0
ASSET IMPAIRMENTS 0 0 0 0
INCOME FROM OPERATIONS 0 0 0 0
Floorplan interest expense 0 0 0 0
Interest Expense, Other 0 0 0 0
INCOME BEFORE INCOME TAXES 0 0 0 0
BENEFIT (PROVISION) FOR INCOME TAXES 0 0 0 0
EQUITY IN EARNINGS OF SUBSIDIARIES (46,958) (46,461) (82,002) (82,675)
NET INCOME (46,958) (46,461) (82,002) (82,675)
COMPREHENSIVE LOSS 0 0 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT $ (46,958) $ (46,461) $ (82,002) $ (82,675)
XML 73 R62.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Financial Information Condensed Consolidated Cash Flow (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash provided by operating activities $ 172,867 $ 80,575
Cash paid in acquisitions, net of cash received (54,739) (130,783)
Proceeds from disposition of franchises, property and equipment 13,985 7,339
Purchases of property and equipment, including real estate (70,272) (48,486)
Other 3,156 6,294
Net cash used in investing activities (107,870) (165,636)
Borrowings on credit facility - floorplan line and other 3,373,126 3,550,526
Repayments on credit facility - floorplan line and other (3,325,917) (3,466,772)
Borrowings on credit facility - acquisition line 150,020 346,050
Repayment on credit facility - acquisition line (140,020) (324,222)
Borrowings on other debt 19,653 25,744
Principal payments on other debt (22,248) (26,942)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 30,754 22,430
Principal payments on debt related to real estate (12,215) (14,359)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 136 (1,113)
Repurchases of common stock, amounts based on settlement date (115,246) (33,121)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net (85) 1,439
Dividends paid (10,124) (9,737)
Proceeds from (Payments for) Other Financing Activities (3,159) 0
Borrowings (repayments) with subsidiaries 0 0
Investment in subsidiaries 0 0
Distributions to parent 0 0
Net cash provided by (used in) financing activities (55,325) 69,923
Effect of Exchange Rate on Cash and Cash Equivalents 2,256 (1,612)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,928 (16,750)
CASH AND CASH EQUIVALENTS, beginning of period 13,037 40,975
CASH AND CASH EQUIVALENTS, end of period 24,965 24,225
Parent Company [Member]    
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash provided by operating activities 80,872 82,124
Cash paid in acquisitions, net of cash received 0 0
Proceeds from disposition of franchises, property and equipment 0 0
Purchases of property and equipment, including real estate 0 0
Other 0 0
Net cash used in investing activities 0 0
Borrowings on credit facility - floorplan line and other 0 0
Repayments on credit facility - floorplan line and other 0 0
Borrowings on credit facility - acquisition line 150,020 346,050
Repayment on credit facility - acquisition line (140,020) (324,222)
Borrowings on other debt 0 0
Principal payments on other debt 0 0
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 0 0
Principal payments on debt related to real estate 0 0
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 136 (1,113)
Repurchases of common stock, amounts based on settlement date (115,246) (33,121)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net (85) 0
Dividends paid (10,124) (9,737)
Proceeds from (Payments for) Other Financing Activities (2,736)  
Borrowings (repayments) with subsidiaries 233,120 80,027
Investment in subsidiaries (195,937) (140,008)
Distributions to parent 0 0
Net cash provided by (used in) financing activities (80,872) (82,124)
Effect of Exchange Rate on Cash and Cash Equivalents 0 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 0 0
CASH AND CASH EQUIVALENTS, beginning of period 0 0
CASH AND CASH EQUIVALENTS, end of period 0 0
Guarantor Subsidiaries [Member]    
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash provided by operating activities 88,538 (6,018)
Cash paid in acquisitions, net of cash received 0 (130,783)
Proceeds from disposition of franchises, property and equipment 12,728 6,845
Purchases of property and equipment, including real estate (59,894) (39,305)
Other 3,007 6,294
Net cash used in investing activities (44,159) (156,949)
Borrowings on credit facility - floorplan line and other 3,373,126 3,550,526
Repayments on credit facility - floorplan line and other (3,325,917) (3,466,772)
Borrowings on credit facility - acquisition line 0 0
Repayment on credit facility - acquisition line 0 0
Borrowings on other debt 0 138
Principal payments on other debt (461) (989)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 30,754 0
Principal payments on debt related to real estate (9,611) (12,846)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 0 0
Repurchases of common stock, amounts based on settlement date 0 0
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net 0 1,439
Dividends paid 0 0
Proceeds from (Payments for) Other Financing Activities (423)  
Borrowings (repayments) with subsidiaries (236,314) (54,206)
Investment in subsidiaries 123,624 124,918
Distributions to parent 0 0
Net cash provided by (used in) financing activities (45,222) 142,208
Effect of Exchange Rate on Cash and Cash Equivalents 0 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (843) (20,759)
CASH AND CASH EQUIVALENTS, beginning of period 6,338 25,379
CASH AND CASH EQUIVALENTS, end of period 5,495 4,620
Non-Guarantor Subsidiaries [Member]    
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash provided by operating activities 3,457 4,469
Cash paid in acquisitions, net of cash received (54,739) 0
Proceeds from disposition of franchises, property and equipment 1,257 494
Purchases of property and equipment, including real estate (10,378) (9,181)
Other 149 0
Net cash used in investing activities (63,711) (8,687)
Borrowings on credit facility - floorplan line and other 0 0
Repayments on credit facility - floorplan line and other 0 0
Borrowings on credit facility - acquisition line 0 0
Repayment on credit facility - acquisition line 0 0
Borrowings on other debt 19,653 25,606
Principal payments on other debt (21,787) (25,953)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 0 22,430
Principal payments on debt related to real estate (2,604) (1,513)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 0 0
Repurchases of common stock, amounts based on settlement date 0 0
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net 0 0
Dividends paid 0 0
Proceeds from (Payments for) Other Financing Activities 0  
Borrowings (repayments) with subsidiaries 3,194 (25,821)
Investment in subsidiaries 72,313 15,090
Distributions to parent 0 0
Net cash provided by (used in) financing activities 70,769 9,839
Effect of Exchange Rate on Cash and Cash Equivalents 2,256 (1,612)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 12,771 4,009
CASH AND CASH EQUIVALENTS, beginning of period 6,699 15,596
CASH AND CASH EQUIVALENTS, end of period $ 19,470 $ 19,605
XML 74 R63.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events Subsequent Events (Details) - Subsequent Event [Member]
shares in Thousands, $ in Millions
1 Months Ended
Jul. 31, 2016
USD ($)
shares
Subsequent Event [Line Items]  
Treasury Stock, Carrying Basis | $ $ 12.4
Treasury Stock, Shares, Acquired | shares 244
EXCEL 75 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 77 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 79 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 200 329 1 true 61 0 false 9 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://group1auto.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1002000 - Statement - Consolidated Balance Sheets Sheet http://group1auto.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 1002501 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://group1auto.com/role/ConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 1003000 - Statement - Consolidated Statements of Operations Sheet http://group1auto.com/role/ConsolidatedStatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 1004000 - Statement - Consolidated Statements of Comprehensive Income Sheet http://group1auto.com/role/ConsolidatedStatementsOfComprehensiveIncome Consolidated Statements of Comprehensive Income Statements 5 false false R6.htm 1004501 - Statement - Consolidated Statements of Comprehensive Income (Parenthetical) Sheet http://group1auto.com/role/ConsolidatedStatementsOfComprehensiveIncomeParenthetical Consolidated Statements of Comprehensive Income (Parenthetical) Statements 6 false false R7.htm 1005000 - Statement - Consolidated Statement of Stockholders' Equity Sheet http://group1auto.com/role/ConsolidatedStatementOfStockholdersEquity Consolidated Statement of Stockholders' Equity Statements 7 false false R8.htm 1005001 - Statement - Consolidated Statement of Stockholders' Equity Consolidated Statement of Stockholders' Equity (Parenthetical) Sheet http://group1auto.com/role/ConsolidatedStatementOfStockholdersEquityConsolidatedStatementOfStockholdersEquityParenthetical Consolidated Statement of Stockholders' Equity Consolidated Statement of Stockholders' Equity (Parenthetical) Statements 8 false false R9.htm 1006000 - Statement - Consolidated Statements of Cash Flows Sheet http://group1auto.com/role/ConsolidatedStatementsOfCashFlows Consolidated Statements of Cash Flows Statements 9 false false R10.htm 2107100 - Disclosure - Interim Financial Information Sheet http://group1auto.com/role/InterimFinancialInformation Interim Financial Information Notes 10 false false R11.htm 2109100 - Disclosure - Acquisitions and Dispositions Acquisitions and Dispositions Sheet http://group1auto.com/role/AcquisitionsAndDispositionsAcquisitionsAndDispositions Acquisitions and Dispositions Acquisitions and Dispositions Notes 11 false false R12.htm 2110100 - Disclosure - Derivative Instruments and Risk Management Activities Sheet http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivities Derivative Instruments and Risk Management Activities Notes 12 false false R13.htm 2111100 - Disclosure - Stock-Based Compensation Plans Sheet http://group1auto.com/role/StockBasedCompensationPlans Stock-Based Compensation Plans Notes 13 false false R14.htm 2112100 - Disclosure - Earnings Per Share Sheet http://group1auto.com/role/EarningsPerShare Earnings Per Share Notes 14 false false R15.htm 2113100 - Disclosure - Income Taxes Sheet http://group1auto.com/role/IncomeTaxes Income Taxes Notes 15 false false R16.htm 2114100 - Disclosure - Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts Sheet http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccounts Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts Notes 16 false false R17.htm 2115100 - Disclosure - Credit Facilities Sheet http://group1auto.com/role/CreditFacilities Credit Facilities Notes 17 false false R18.htm 2116100 - Disclosure - Long-Term Debt Sheet http://group1auto.com/role/LongTermDebt Long-Term Debt Notes 18 false false R19.htm 2117100 - Disclosure - Fair Value Measurements Sheet http://group1auto.com/role/FairValueMeasurements Fair Value Measurements Notes 19 false false R20.htm 2118100 - Disclosure - Commitments and Contingencies Sheet http://group1auto.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 20 false false R21.htm 2119100 - Disclosure - Intangible Franchise Rights and Goodwill Sheet http://group1auto.com/role/IntangibleFranchiseRightsAndGoodwill Intangible Franchise Rights and Goodwill Notes 21 false false R22.htm 2120100 - Disclosure - Accumulated Other Comprehensive Income Sheet http://group1auto.com/role/AccumulatedOtherComprehensiveIncome Accumulated Other Comprehensive Income Notes 22 false false R23.htm 2121100 - Disclosure - Segment Information Segment Information Sheet http://group1auto.com/role/SegmentInformationSegmentInformation Segment Information Segment Information Notes 23 false false R24.htm 2122100 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Financial Information Sheet http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedFinancialInformation Condensed Consolidated Financial Information Condensed Consolidated Financial Information Notes 24 false false R25.htm 2123100 - Disclosure - Subsequent Events Subsequent Events Sheet http://group1auto.com/role/SubsequentEventsSubsequentEvents Subsequent Events Subsequent Events Notes 25 false false R26.htm 2207201 - Disclosure - Interim Financial Information Interim Financial Information (Policies) Sheet http://group1auto.com/role/InterimFinancialInformationInterimFinancialInformationPolicies Interim Financial Information Interim Financial Information (Policies) Policies 26 false false R27.htm 2210201 - Disclosure - Derivative Instruments and Risk Management Activities Derivative Instruments and Risk Management Activities (Policies) Sheet http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivitiesDerivativeInstrumentsAndRiskManagementActivitiesPolicies Derivative Instruments and Risk Management Activities Derivative Instruments and Risk Management Activities (Policies) Policies 27 false false R28.htm 2217201 - Disclosure - Fair Value Measurements Fair Value Measurements (Policies) Sheet http://group1auto.com/role/FairValueMeasurementsFairValueMeasurementsPolicies Fair Value Measurements Fair Value Measurements (Policies) Policies 28 false false R29.htm 2307302 - Disclosure - Interim Financial Information (Tables) Sheet http://group1auto.com/role/InterimFinancialInformationTables Interim Financial Information (Tables) Tables http://group1auto.com/role/InterimFinancialInformation 29 false false R30.htm 2310302 - Disclosure - Derivative Instruments and Risk Management Activities (Tables) Sheet http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivitiesTables Derivative Instruments and Risk Management Activities (Tables) Tables http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivities 30 false false R31.htm 2311301 - Disclosure - Stock-Based Compensation Plans (Tables) Sheet http://group1auto.com/role/StockBasedCompensationPlansTables Stock-Based Compensation Plans (Tables) Tables http://group1auto.com/role/StockBasedCompensationPlans 31 false false R32.htm 2312301 - Disclosure - Earnings Per Share (Tables) Sheet http://group1auto.com/role/EarningsPerShareTables Earnings Per Share (Tables) Tables http://group1auto.com/role/EarningsPerShare 32 false false R33.htm 2314301 - Disclosure - Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Tables) Sheet http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccountsTables Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Tables) Tables http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccounts 33 false false R34.htm 2316301 - Disclosure - Long-Term Debt (Tables) Sheet http://group1auto.com/role/LongTermDebtTables Long-Term Debt (Tables) Tables http://group1auto.com/role/LongTermDebt 34 false false R35.htm 2317302 - Disclosure - Fair Value Measurements (Tables) Sheet http://group1auto.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://group1auto.com/role/FairValueMeasurements 35 false false R36.htm 2319301 - Disclosure - Intangible Franchise Rights and Goodwill (Tables) Sheet http://group1auto.com/role/IntangibleFranchiseRightsAndGoodwillTables Intangible Franchise Rights and Goodwill (Tables) Tables http://group1auto.com/role/IntangibleFranchiseRightsAndGoodwill 36 false false R37.htm 2320301 - Disclosure - Accumulated Other Comprehensive Income (Tables) Sheet http://group1auto.com/role/AccumulatedOtherComprehensiveIncomeTables Accumulated Other Comprehensive Income (Tables) Tables http://group1auto.com/role/AccumulatedOtherComprehensiveIncome 37 false false R38.htm 2321301 - Disclosure - Segment Information (Tables) Sheet http://group1auto.com/role/SegmentInformationTables Segment Information (Tables) Tables http://group1auto.com/role/SegmentInformationSegmentInformation 38 false false R39.htm 2322301 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables) Sheet http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedFinancialInformationTables Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables) Tables http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedFinancialInformation 39 false false R40.htm 2407403 - Disclosure - Interim Financial Information Interim Financial Information (Details) Sheet http://group1auto.com/role/InterimFinancialInformationInterimFinancialInformationDetails Interim Financial Information Interim Financial Information (Details) Details http://group1auto.com/role/InterimFinancialInformationInterimFinancialInformationPolicies 40 false false R41.htm 2407404 - Disclosure - Interim Financial Information (Details Textual) Sheet http://group1auto.com/role/InterimFinancialInformationDetailsTextual Interim Financial Information (Details Textual) Details http://group1auto.com/role/InterimFinancialInformationTables 41 false false R42.htm 2409401 - Disclosure - Acquisitions and Dispositions Acquisitions and Dispositions (Details textuals) Sheet http://group1auto.com/role/AcquisitionsAndDispositionsAcquisitionsAndDispositionsDetailsTextuals Acquisitions and Dispositions Acquisitions and Dispositions (Details textuals) Details http://group1auto.com/role/AcquisitionsAndDispositionsAcquisitionsAndDispositions 42 false false R43.htm 2410403 - Disclosure - Derivative Instruments and Risk Management Activities (Details) Sheet http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivitiesDetails Derivative Instruments and Risk Management Activities (Details) Details http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivitiesTables 43 false false R44.htm 2410404 - Disclosure - Derivative Instruments and Risk Management Activities (Details Textual) Sheet http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivitiesDetailsTextual Derivative Instruments and Risk Management Activities (Details Textual) Details http://group1auto.com/role/DerivativeInstrumentsAndRiskManagementActivitiesTables 44 false false R45.htm 2411402 - Disclosure - Stock-Based Compensation Plans (Details) Sheet http://group1auto.com/role/StockBasedCompensationPlansDetails Stock-Based Compensation Plans (Details) Details http://group1auto.com/role/StockBasedCompensationPlansTables 45 false false R46.htm 2411403 - Disclosure - Stock-Based Compensation Plans (Details Textual) Sheet http://group1auto.com/role/StockBasedCompensationPlansDetailsTextual Stock-Based Compensation Plans (Details Textual) Details http://group1auto.com/role/StockBasedCompensationPlansTables 46 false false R47.htm 2412402 - Disclosure - Earnings Per Share (Details) Sheet http://group1auto.com/role/EarningsPerShareDetails Earnings Per Share (Details) Details http://group1auto.com/role/EarningsPerShareTables 47 false false R48.htm 2413401 - Disclosure - Income Taxes (Details Textual) Sheet http://group1auto.com/role/IncomeTaxesDetailsTextual Income Taxes (Details Textual) Details http://group1auto.com/role/IncomeTaxes 48 false false R49.htm 2414402 - Disclosure - Detail of Certain Balance Sheet Accounts (Accounts and Notes Receivable) (Details) Notes http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsAccountsAndNotesReceivableDetails Detail of Certain Balance Sheet Accounts (Accounts and Notes Receivable) (Details) Details http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccountsTables 49 false false R50.htm 2414403 - Disclosure - Detail of Certain Balance Sheet Accounts (Inventories) (Details) Sheet http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsInventoriesDetails Detail of Certain Balance Sheet Accounts (Inventories) (Details) Details http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccountsTables 50 false false R51.htm 2414404 - Disclosure - Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details) Sheet http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsPropertyAndEquipmentDetails Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details) Details http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccountsTables 51 false false R52.htm 2414405 - Disclosure - Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details Textual) Sheet http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccountsPropertyAndEquipmentDetailsTextual Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details Textual) Details http://group1auto.com/role/DetailOfCertainBalanceSheetAccountsDetailOfCertainBalanceSheetAccountsTables 52 false false R53.htm 2415401 - Disclosure - Credit Facilities (Details Textual) Sheet http://group1auto.com/role/CreditFacilitiesDetailsTextual Credit Facilities (Details Textual) Details http://group1auto.com/role/CreditFacilities 53 false false R54.htm 2416402 - Disclosure - Long-Term Debt (Details) Sheet http://group1auto.com/role/LongTermDebtDetails Long-Term Debt (Details) Details http://group1auto.com/role/LongTermDebtTables 54 false false R55.htm 2416403 - Disclosure - Long-Term Debt (Details Textual) Sheet http://group1auto.com/role/LongTermDebtDetailsTextual Long-Term Debt (Details Textual) Details http://group1auto.com/role/LongTermDebtTables 55 false false R56.htm 2417403 - Disclosure - Fair Value Measurements (Details) Sheet http://group1auto.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) Details http://group1auto.com/role/FairValueMeasurementsTables 56 false false R57.htm 2419402 - Disclosure - Intangible Franchise Rights and Goodwill (Details) Sheet http://group1auto.com/role/IntangibleFranchiseRightsAndGoodwillDetails Intangible Franchise Rights and Goodwill (Details) Details http://group1auto.com/role/IntangibleFranchiseRightsAndGoodwillTables 57 false false R58.htm 2420402 - Disclosure - Accumulated Other Comprehensive Income (Details) Sheet http://group1auto.com/role/AccumulatedOtherComprehensiveIncomeDetails Accumulated Other Comprehensive Income (Details) Details http://group1auto.com/role/AccumulatedOtherComprehensiveIncomeTables 58 false false R59.htm 2421402 - Disclosure - Segment Information Segment Information (Details) Sheet http://group1auto.com/role/SegmentInformationSegmentInformationDetails Segment Information Segment Information (Details) Details http://group1auto.com/role/SegmentInformationSegmentInformation 59 false false R60.htm 2422402 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Balance Sheet (Details) Sheet http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedBalanceSheetDetails Condensed Consolidated Financial Information Condensed Consolidated Balance Sheet (Details) Details http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedFinancialInformationTables 60 false false R61.htm 2422403 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) Sheet http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedIncomeStatementDetails Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) Details http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedFinancialInformationTables 61 false false R62.htm 2422404 - Disclosure - Condensed Consolidated Financial Information Condensed Consolidated Cash Flow (Details) Sheet http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedCashFlowDetails Condensed Consolidated Financial Information Condensed Consolidated Cash Flow (Details) Details http://group1auto.com/role/CondensedConsolidatedFinancialInformationCondensedConsolidatedFinancialInformationTables 62 false false R63.htm 2423401 - Disclosure - Subsequent Events Subsequent Events (Details) Sheet http://group1auto.com/role/SubsequentEventsSubsequentEventsDetails Subsequent Events Subsequent Events (Details) Details http://group1auto.com/role/SubsequentEventsSubsequentEvents 63 false false All Reports Book All Reports gpi-20160630.xml gpi-20160630.xsd gpi-20160630_cal.xml gpi-20160630_def.xml gpi-20160630_lab.xml gpi-20160630_pre.xml true true ZIP 81 0001031203-16-000062-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001031203-16-000062-xbrl.zip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�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�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

!W[4KN\;H'*M TLRZKXH\41,ZQ-FD1?*H7X_%/R>U^X4- M176]IOT@Y(L$3W:1)YNBCNV@PB:QG>E2UZYI"8J,D6W,&%E7ADAYAEI&[A3+ M9V=(P!FY#^)"_!;D9;+(1\=;-F5A-(K"KSUPLA)9C+.)X.0A&?%T\K@Y^$74 M+WI5UO18021[)#\%>90F9,+R<3KLD3*TJ*IN.;IHI46K;L"3(K1B2X51?R+,2HS,_1')$U#JIM M$5QMJ%X2G6?H1A=EURZE0QS(3FK5AC /T_6H^WQ_P]&G7 '7@&O -:_D&L>B ME@NNV>.*I&-+D8LBBF73L!_88%9N\NK"U!8RRM/%9UO9N3!H5(>S$MN&335U M=P$TA5;K-HJ!B2YC0K.II>Y05%

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ᕈ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end