Deferred Revenue

9 Months Ended

Sep. 30, 2013

Revenue Recognition [Abstract]

Deferred Revenue

(7) Deferred Revenue

Beginning in the fourth quarter of 2012 we began offering our DriveCare® limited warranty as a separately priced service contract in our dealerships located in certain regions in which we operate. As a result, the revenue of these service contracts are deferred and recognized over the life of the service contract, in relation to the usage and expected duration of the contracts. In 2013 we also began offering other products and services with similar deferred revenue recognition over the life of the performance obligation.

Prior to the third quarter 2013, Deferred Revenue was recorded as part of Accrued Expenses and Other Liabilities in the accompanying condensed consolidated balance sheets. To be consistent with current period financial statement presentation, for the year ended December 31, 2012, we reclassified $2.2 million from Accrued Expenses and Other Liabilities to Deferred Revenue.

The following table sets forth information regarding the changes in Deferred Revenue:

	Three Months Ended September 30, 2013			Nine months ended September 30, 2013
	(In thousands)
Deferred Balance, Beginning of Period	$	11,835		$	2,212
Revenue Deferred	12,409			23,489
Revenue Recognized	(7,726		)	(9,183		)
Deferred Balance, End of Period	$	16,518		$	16,518