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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 61,539$ 39,735
Adjustments to reconcile net income to net cash provided by (used in) operating activities:  
Depreciation and amortization19,88119,936
Deferred income taxes16,28022,224
Asset impairments4,0083,121
Stock-based compensation8,3337,505
Amortization of debt discount and issue costs8,8716,336
Loss on redemption of long-term debt 3,872
(Gain) loss on disposition of assets(967)3,170
Tax effect from stock-based compensation(651)985
Other636(131)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:  
Accounts payable and accrued expenses39,7229,624
Accounts and notes receivable3,908(4,747)
Inventories111,704(152,947)
Contracts-in-transit and vehicle receivables13,525(5,888)
Prepaid expenses and other assets(3,454)7,060
Floorplan notes payable - manufacturer affiliates19,028(10,281)
Deferred revenues(1,245)(1,759)
Net cash provided by (used in) operating activities301,118(52,185)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Cash paid in acquisitions, net of cash received(109,935)(34,431)
Proceeds from disposition of franchises, property and equipment5,76841,001
Purchases of property and equipment, including real estate(45,052)(22,699)
Other4211,145
Net cash used in investing activities(148,798)(14,984)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Borrowings on credit facility - Floorplan Line3,635,8103,731,339
Repayments on credit facility - Floorplan Line(3,759,598)(3,552,920)
Principal payments on mortgage facility(1,065)(35,284)
Proceeds from issuance of 3.00% Convertible Notes 115,000
Debt issue costs (3,959)
Purchase of equity calls (45,939)
Sale of equity warrants 29,309
Redemption of other long-term debt (77,011)
Borrowings of other long-term debt2024,909
Principal payments of long-term debt related to real estate loans(5,684)(2,685)
Borrowings of long-term debt related to real estate21,82312,804
Principal payment of other long term debt(2,851)(558)
Repurchases of common stock, amounts based on settlement date(44,912)(26,765)
Proceeds from issuance of common stock to benefit plans3,0942,562
Tax effect from stock-based compensation651(985)
Dividends paid(8,262) 
Net cash provided by (used in) financing activities(160,792)149,817
EFFECT OF EXCHANGE RATE CHANGES ON CASH(71)293
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(8,543)82,941
CASH AND CASH EQUIVALENTS, beginning of period19,84313,221
CASH AND CASH EQUIVALENTS, end of period11,30096,162
SUPPLEMENTAL CASH FLOW INFORMATION:  
Purchases of property and equipment , including real estate, accrued in accounts payable and accrued expenses845526
Repurchases of common stock, accrued in accounts payable and accrued expenses$ 5,866