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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES:      
New vehicle retail sales $ 6,157,531 $ 6,046,075 $ 6,001,306
Used vehicle retail sales 2,798,986 2,757,713 2,638,969
Used vehicle wholesale sales 400,170 401,863 397,251
Parts and service sales 1,338,032 1,261,307 1,186,193
Finance, insurance and other, net 429,002 420,654 408,786
Total revenues 11,123,721 10,887,612 10,632,505
COST OF SALES:      
New vehicle retail sales 5,835,526 5,729,697 5,695,829
Used vehicle retail sales 2,621,431 2,575,234 2,459,499
Used vehicle wholesale sales 402,912 406,305 399,171
Parts and service sales 618,343 581,307 544,034
Total cost of sales 9,478,212 9,292,543 9,098,533
GROSS PROFIT 1,645,509 1,595,069 1,533,972
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,226,195 1,170,763 1,120,833
DEPRECIATION AND AMORTIZATION EXPENSE 57,936 51,234 47,239
ASSET IMPAIRMENTS 19,506 32,838 87,562
INCOME FROM OPERATIONS 341,872 340,234 278,338
OTHER INCOME (EXPENSE):      
Floorplan interest expense (52,372) (44,927) (39,264)
Other interest expense, net (70,497) (67,936) (56,903)
INCOME BEFORE INCOME TAXES 219,003 227,371 182,171
Provision for income taxes (5,561) (80,306) (88,172)
NET INCOME $ 213,442 $ 147,065 $ 93,999
BASIC EARNINGS PER SHARE $ 10.08 $ 6.67 $ 3.91
Weighted average common shares outstanding 20,420 21,161 23,148
DILUTED EARNINGS PER SHARE $ 10.08 $ 6.67 $ 3.90
Weighted average common shares outstanding 20,425 21,170 23,152
CASH DIVIDENDS PER COMMON SHARE $ 0.97 $ 0.91 $ 0.83