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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 14, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Revenues          
New and pre-owned vehicles       $ 546,385 $ 500,772
Parts, service and other       68,453 64,577
Total revenue       614,838 565,349
Cost of revenues          
New and pre-owned vehicles       472,318 435,122
Parts, service and other       15,383 13,045
Total cost of revenues       487,701 448,167
Gross profit       127,137 117,182
Selling, general, and administrative expenses       105,096 97,614
Income from operations       22,041 19,568
Other income/expense          
Gain on sale of property and equipment       98
Interest expense       (8,752) (7,274)
Income before income tax expense       13,387 12,294
Income tax expense       (5,085) (4,511)
Net income       $ 8,302 $ 7,783
Successor [Member]          
Revenues          
New and pre-owned vehicles $ 39,167        
Parts, service and other 4,738        
Total revenue 43,905        
Cost of revenues          
New and pre-owned vehicles 33,489        
Parts, service and other 538        
Total cost of revenues 34,027        
Gross profit 9,878        
Transaction costs 2,806        
Selling, general, and administrative expenses 5,247        
Income from operations 1,825        
Other income/expense          
Gain on sale of property and equipment        
Interest expense (685)        
Total other expense (685)        
Income before income tax expense 1,140        
Income tax expense (449)        
Net income 691        
Dividends on Series A Convertible Preferred Stock (210)        
Deemed dividend on Series A Convertible Preferred Stock (3,392)        
Net loss attributable to common stockholders $ (2,911)        
Successor EPS:          
Basic and diluted loss per share $ (0.30)        
Weighted average shares outstanding - basic and diluted 9,668,250        
Predecessor [Member]          
Revenues          
New and pre-owned vehicles   $ 119,111 $ 150,831    
Parts, service and other   14,828 19,134    
Total revenue   133,939 169,965    
Cost of revenues          
New and pre-owned vehicles   101,830 130,845    
Parts, service and other   3,047 3,459    
Total cost of revenues   104,877 134,304    
Gross profit   29,062 35,661    
Transaction costs   438 46    
Selling, general, and administrative expenses   23,552 27,033    
Income from operations   5,072 8,582    
Other income/expense          
Gain on sale of property and equipment   1    
Interest expense   (2,019) (2,162)    
Total other expense   (2,018) (2,162)    
Income before income tax expense   3,054 6,420    
Income tax expense   (718) (2,445)    
Net income   $ 2,336 $ 3,975