Segment Information Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

As of March 31, 2018, 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 segment 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 months ended March 31, 2018 and 2017:

	Three Months Ended March 31, 2018
	U.S.			U.K.			Brazil			Total
	(In thousands)
Total revenues	$	2,088,486		$	660,542		$	110,998		$	2,860,026
Income (loss) before income taxes	40,510			5,737			(80		)	46,167
Provision for income taxes	(9,357		)	(862		)	(134		)	(10,353		)
Net income (loss)	31,153			4,875			(214		)	35,814

	Three Months Ended March 31, 2017
	U.S.			U.K.			Brazil			Total
	(In thousands)
Total revenues	$	1,967,719		$	450,327		$	100,783		$	2,518,829
Income before income taxes	45,606			5,381			209			51,196
Provision for income taxes	(16,347		)	(870		)	(40		)	(17,257		)
Net income (1)	29,259			4,511			169			33,939

⁽¹⁾ Includes the following, after tax: gain on legal settlement with an OEM of $1.1 million in the U.S.

Reportable segment total assets as of March 31, 2018 and December 31, 2017, were as follows:

	As of March 31, 2018
	U.S.		U.K.		Brazil		Total
	(In thousands)
Total assets	$	4,099,066	$	824,333	$	135,079	$	5,058,478

	As of December 31, 2017
	U.S.		U.K.		Brazil		Total
	(In thousands)
Total assets	$	4,087,039	$	654,154	$	129,872	$	4,871,065