Business Combinations, Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2011

Business Combinations, Goodwill and Intangible Assets [Abstract]

Allocation of the cash paid in the acquisition

Net Tangible Assets	$	153,349
Identifiable Intangible Assets		3,290,998
Deferred Tax Liabilities		(987,299	)
Goodwill		6,663,045
Noncontrolling interest		(3,648,037	)
Aggregate Purchase Price	$	5,472,056

Composition of goodwill and intangible assets

	September 30,			December 31,
	2011			2010
Goodwill	$	62,861,760		$	60,496,314
Intangible assets with indefinite lives
- Trademarks		5,106,747			2,460,952
Amortizable intangible assets
- Licenses and others		2,671,058			2,606,402
- Non-compete agreement		1,288,216			1,241,357
- Customer list		1,765,069			1,607,097
Total intangible assets	$	10,831,090		$	7,915,808
Accumulated amortization		(4,120,965	)		(3,774,641	)
Total intangible assets, net	$	6,710,125		$	4,141,167

Table showing changes in the carrying amount of goodwill

	Nine Months Ended September 30, 2011
	Brazil			Argentina			Chile			Mexico			Venezuela		Colombia			Other Countries		Total
Balance, beginning of year	$	13,130,649		$	23,364,326		$	7,296,888		$	5,025,623		$	4,846,030	$	5,448,068		$	1,384,730	$	60,496,314
- Purchase of Autoplaza.com		—			—			—			6,663,045			—		—			—		6,663,045
- Effect of exchange rates changes		(1,332,609	)		(1,272,397	)		(751,701	)		(951,712	)		—		(3,186	)		14,006		(4,297,599	)
Balance, end of the period	$	11,798,040		$	22,091,929		$	6,545,187		$	10,736,956		$	4,846,030	$	5,444,882		$	1,398,736	$	62,861,760

	Year Ended December 31, 2010
	Brazil		Argentina			Chile		Mexico		Venezuela		Colombia		Other Countries		Total
Balance, beginning of year	$	12,565,062	$	24,446,463		$	6,734,405	$	4,770,560	$	4,846,030	$	5,100,939	$	1,359,287	$	59,822,746
- Effect of exchange rates changes		565,587		(1,082,137	)		562,483		255,063		—		347,129		25,443		673,568
Balance, end of the year	$	13,130,649	$	23,364,326		$	7,296,888	$	5,025,623	$	4,846,030	$	5,448,068	$	1,384,730	$	60,496,314

Expected future intangible asset amortization from acquisitions

For year ended 12/31/2011	$	211,694
For year ended 12/31/2012		698,693
For year ended 12/31/2013		430,549
For year ended 12/31/2014		112,035
For year ended 12/31/2015		85,947
Thereafter		64,460
	$	1,603,378