XML 71 R59.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information Segment Information (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2017
USD ($)
Segment Reporting Information [Line Items]      
Asset Impairment Charges $ 0    
Segment Reporting Information, Profit (Loss) [Abstract]      
REVENUES: 2,860,026 $ 2,518,829  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 46,167 51,196  
BENEFIT (PROVISION) FOR INCOME TAXES 10,353 17,257  
Net Income (Loss) Attributable to Parent 35,814 33,939  
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]      
Assets $ 5,058,478   $ 4,871,065
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

    
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]      
Number of Reportable Segments 3    
UNITED STATES      
Segment Reporting Information [Line Items]      
Chargeback reserves for finance and insurance revenues $ 0    
Segment Reporting Information, Profit (Loss) [Abstract]      
REVENUES: 2,088,486 1,967,719  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 40,510 45,606  
BENEFIT (PROVISION) FOR INCOME TAXES 9,357 16,347  
Net Income (Loss) Attributable to Parent 31,153 29,259  
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]      
Assets 4,099,066   4,087,039
Brazil [Member]      
Segment Reporting Information [Line Items]      
Deferred Foreign Income Tax Expense (Benefit)   0  
UNITED KINGDOM      
Segment Reporting Information, Profit (Loss) [Abstract]      
REVENUES: 660,542 450,327  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 5,737 5,381  
BENEFIT (PROVISION) FOR INCOME TAXES 862 870  
Net Income (Loss) Attributable to Parent 4,875 4,511  
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]      
Assets 824,333   654,154
BRAZIL      
Segment Reporting Information, Profit (Loss) [Abstract]      
REVENUES: 110,998 100,783  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (80) 209  
BENEFIT (PROVISION) FOR INCOME TAXES 134 40  
Net Income (Loss) Attributable to Parent (214) 169  
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]      
Assets 135,079   $ 129,872
Net of taxes [Member] | UNITED STATES      
Segment Reporting Information [Line Items]      
Payments for Legal Settlements   $ 1,100  
Loss from Catastrophes 0    
Asset Impairment Charges $ 0