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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
REVENUES $ 2,943,462 $ 2,672,195 $ 5,803,488 $ 5,191,024
COST OF SALES:        
Cost of sales 2,505,299 2,267,303 4,945,562 4,402,610
GROSS PROFIT 438,163 404,892 857,926 788,414
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 308,092 298,568 632,439 588,347
DEPRECIATION AND AMORTIZATION EXPENSE 16,638 14,093 32,980 27,699
ASSET IMPAIRMENTS 4,268 0 4,268 0
INCOME FROM OPERATIONS 109,165 92,231 188,239 172,368
OTHER EXPENSE:        
Floorplan interest expense (14,563) (13,226) (28,650) (25,168)
Other interest expense, net (19,414) (17,315) (38,234) (34,314)
INCOME BEFORE INCOME TAXES 75,188 61,690 121,355 112,886
PROVISION FOR INCOME TAXES (18,725) (22,557) (29,078) (39,814)
NET INCOME $ 56,463 $ 39,133 $ 92,277 $ 73,072
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.72 $ 1.84 $ 4.42 $ 3.42
Weighted average common shares outstanding (in shares) 20,036 20,516 20,167 20,604
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.72 $ 1.84 $ 4.42 $ 3.42
Weighted average common shares outstanding (in shares) 20,046 20,522 20,176 20,609
CASH DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.256144440792765 $ 0.24 $ 0.516401846427567 $ 0.48
New vehicle retail sales        
REVENUES:        
REVENUES $ 1,555,570 $ 1,448,768 $ 3,069,160 $ 2,785,981
COST OF SALES:        
Cost of sales 1,478,988 1,373,857 2,917,151 2,641,843
Used vehicle retail sales        
REVENUES:        
REVENUES 821,853 685,949 1,602,423 1,346,876
COST OF SALES:        
Cost of sales 770,639 641,036 1,507,714 1,256,958
Used vehicle wholesale sales        
REVENUES:        
REVENUES 92,854 99,377 196,883 203,534
COST OF SALES:        
Cost of sales 92,613 99,644 194,987 203,701
Parts and service sales        
REVENUES:        
REVENUES 358,129 331,631 707,644 651,329
COST OF SALES:        
Cost of sales 163,059 152,766 325,710 300,108
Finance, insurance and other, net        
REVENUES:        
REVENUES $ 115,056 $ 106,470 $ 227,378 $ 203,304