Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Property and equipment consists of the following:


	December 31,
	2012			2011
	(In thousands)
Land	$	142,730		$	131,865
Building and improvements		476,846			455,650
Office equipment and fixtures		115,509			92,920
Parts and service equipment		62,678			61,561
Company vehicles		7,750			8,391
Construction in progress		39,139			16,191

Total, at cost		844,652			766,578
Less accumulated depreciation		(249,528	)		(214,541	)

Property and equipment, net	$	595,124		$	552,037

Property and equipment impairment charges

During the years ended December 31, 2012, 2011 and 2010, property and equipment impairment charges were recorded as noted in the following table:


Year ended December 31,	Continuing Operations		Discontinued Operations
	(In millions)
2012	$	0.4	$	0.5
2011		0.2		1.0
2010		0.2		—

- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

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- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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