Segment Information

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Information

(15) Segment Information

We operate in two principal operating business segments: DriveTime and GO Financial. We organize our business based on the nature of the services and products offered. Transactions between segments are eliminated in consolidation.

Revenue and operating income (loss) before taxes for each segment are provided below for the three and nine months ended September 30, 2013 and September 30, 2012, while assets and liabilities are presented as of September 30, 2013 and December 31, 2012.

	Three Months Ended							Three Months Ended
	September 30, 2013							September 30, 2012
	Drivetime		GO			Total		Drivetime		GO		Total
Revenue:	(In thousands)
Sales of Used Vehicles	$	276,826	$	—		$	276,826	$	226,866	$	—	$	226,866
Interest Income	84,277		42			84,319		77,334		—		77,334
Dealer Finance and Other Income	1,186		4,741			5,927		—		757		757
Total Revenue:	$	362,289	$	4,783		$	367,072	$	304,200	$	757	$	304,957
Expenses:
Interest Expense	19,074		1,137			20,211		18,808		—		18,808
Depreciation Expense	6,272		157			6,429		4,974		117		5,091
Other Costs and Operating Expenses	331,079		5,182			336,261		275,726		565		276,291
Total Costs and Expenses:	$	356,425	$	6,476		$	362,901	$	299,508	$	682	$	300,190
Income (Loss) Before Income Taxes:	$	5,864	$	(1,693	)	$	4,171	$	4,692	$	75	$	4,767

	Nine Months Ended							Nine Months Ended
	September 30, 2013							September 30, 2012
	DriveTime		GO			Total		DriveTime		GO			Total
Revenue:	(In thousands)
Sales of Used Vehicles	$	863,686	$	—		$	863,686	$	750,125	$	—		$	750,125
Interest Income	241,591		61			241,652		223,492		—			223,492
Dealer Finance and Other Income	1,333		12,444			13,777		—		1,380			1,380
Total Revenue:	$	1,106,610	$	12,505		$	1,119,115	$	973,617	$	1,380		$	974,997
Expenses:
Interest Expense	55,139		2,721			57,860		55,073		—			55,073
Depreciation Expense	17,301		433			17,734		14,767		294			15,061
Other Costs and Operating Expenses	989,253		10,591			999,844		834,244		3,072			837,316
Total Costs and Expenses:	$	1,061,693	$	13,745		$	1,075,438	$	904,084	$	3,366		$	907,450
Income (Loss) Before Income Taxes:	$	44,917	$	(1,240	)	$	43,677	$	69,533	$	(1,986	)	$	67,547

	September 30, 2013							December 31, 2012
	DriveTime		GO			Total		DriveTime		GO		Total
	(In thousands)
Assets:	$	2,159,408	$	109,778		$	2,269,186	$	1,946,714	$	42,403	$	1,989,117
Liabilities:	$	1,670,031	$	95,221		$	1,765,252	$	1,520,866	$	698	$	1,521,564
Equity:	$	489,377	$	14,557	(1)	$	503,934	$	425,848	$	41,705	$	467,553

^{(1)     In 2013, GO's parent, DTAC, recategorized approximately $80.0 million of GO's equity to an intercompany interest bearing note to DTAC.}