XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of Reportable Operating Segment
Reportable segment revenues and segment income (loss) for the three and six months ended June 30, 2019 and 2018 are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2019201820192018
(In thousands)
Revenues:
Franchised Dealerships Segment$2,322,400 $2,325,583 $4,461,971 $4,594,852 
EchoPark Segment291,681 180,166 541,248 311,671 
Total consolidated revenues$2,614,081 $2,505,749 $5,003,219 $4,906,523 
Three Months Ended June 30,Six Months Ended June 30,
2019201820192018
(In thousands)
Segment income (loss) (1):
Franchised Dealerships Segment (2)$48,326 $66,049 $121,856 $89,885 
EchoPark Segment (3)2,129 (27,347)2,688 (41,672)
Total segment income (loss)50,455 38,702 124,544 48,213 
Interest expense, other, net(13,628)(13,375)(26,481)(26,831)
Other income (expense), net(5)17 95 106 
Income (loss) from continuing operations before taxes$36,822 $25,344 $98,158 $21,488 

(1) Segment income (loss) for each segment is defined as operating income (loss) less interest expense, floor plan.
(2) For the three months ended June 30, 2018, the above amount includes approximately $38.0 million of net gain on the disposal of franchised dealerships and approximately $2.6 million of benefit related to lease exit adjustments, offset partially by approximately $10.3 million of impairment expense and approximately $3.1 million of storm-related physical damage and legal costs.
For the six months ended June 30, 2019, the above amount includes approximately $46.7 million of net gain on the disposal of franchised dealerships and approximately $6.3 million of executive transition costs. For the six months ended June 30, 2018, the above amount includes approximately $39.2 million of net gain on the disposal of franchised dealerships, offset partially by approximately $4.6 million of storm-related physical damage and legal costs, approximately $2.2 million of lease exit charges and approximately $14.0 million of impairment expense.

(3) For the three months ended June 30, 2018, the above amount includes approximately $23.3 million of non-recurring compensation-related charges.
For the six months ended June 30, 2019, the above amount includes approximately $1.9 million of impairment expense. For the six months ended June 30, 2018, the above amount includes approximately $32.5 million of non-recurring compensation-related charges.