Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Reportable segment revenue, gross profit, SG&A, floorplan interest expense, net income and capital expenditures were as follows for the three and nine months ended September 30, 2013 and 2012:



	Three Months Ended September 30, 2013								Nine Months Ended September 30, 2013
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil ⁽¹⁾			Total
	(In thousands)								(In thousands)
Revenues	$	1,889,378	$	234,914	$	215,855	$	2,340,147	$	5,492,819	$	613,428	$	532,842		$	6,639,089
Gross profit	280,265		25,513		23,684		329,462		843,683		68,428		59,114			971,225
Selling, general and administrative expense ⁽²⁾	206,635		19,656		20,572		246,863		626,939		54,262		50,254			731,455
Floorplan interest expense	8,087		425		2,178		10,690		25,027		1,152		4,748			30,927
Other interest expense (income), net	9,649		293		29		9,971		27,990		800		(7		)	28,783
Net income	28,963		3,607		195		32,765		82,637		8,095		1,539			92,271
Capital expenditures	12,502		311		623		13,436		43,197		1,071		1,551			45,819

⁽¹⁾ Represents financial data from date of acquisition in February 2013.

⁽²⁾ Includes a net gain on the disposition of dealerships of $1.4 million and $10.4 million for the three and nine months ended September 30, 2013, respectively, in the U.S. segment. Also, includes losses due to catastrophic events of $0.3 million and $12.2 million for the three and nine months ended September 30, 2013, respectively, in the U.S. segment. For the nine months ended September 30, 2013, includes acquisition costs of $5.2 million, $0.1 million and $1.2 million in the U.S., U.K. and Brazil segments, respectively. Also includes severance cost of $0.3 million each in the U.S. and Brazil segments, as well as lease termination charges of $0.2 million in the U.S. segment for the nine months ended September 30, 2013.



	Three Months Ended September 30, 2012								Nine Months Ended September 30, 2012
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
	(In thousands)								(In thousands)
Revenues	$	1,814,186	$	162,386	$	—	$	1,976,572	$	5,158,039	$	379,104	$	—	$	5,537,143
Gross profit	271,562		19,669		—		291,231		792,046		44,953		—		836,999
Selling, general and administrative expense ⁽¹⁾	200,980		15,102		—		216,082		593,874		35,647		—		629,521
Floorplan interest expense	7,613		329		—		7,942		22,640		784		—		23,424
Other interest expense, net	9,416		203		—		9,619		27,406		443		—		27,849
Net income	28,633		2,702		—		31,335		78,110		4,967		—		83,077
Capital expenditures	13,423		99		—		13,522		39,422		259		—		39,681

⁽¹⁾ Includes a loss due to catastrophic events of $2.7 million, as well as a net gain on real estate transactions of $1.1 million for the nine months ended September 30, 2012, in the U.S. segment.

Repor

Schedule of Segment Reporting, by Segment, Goodwill and Intangible Assets [Table Text Block]

Reportable segment goodwill and intangible franchise rights and total assets by segment were as follows:



	As of September 30, 2013
	U.S.		U.K.		Brazil		Total
	(In thousands)
Goodwill and Intangible Franchise Rights	$	762,380	$	27,663	$	179,634	$	969,677
Total assets	2,845,727		228,192		335,989		3,409,908



	As of December 31, 2012
	U.S.		U.K.		Brazil		Total
	(In thousands)
Goodwill and Intangible Franchise Rights	$	752,372	$	26,070	$	—	$	778,442
Total assets	2,860,771		162,244		—		3,023,015

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details