Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions and Dispositions (Tables)

v2.4.0.8
Business Acquisitions and Dispositions (Tables)
 9 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Summary of Consolidated Pro Forma Results of Future Operations

The pro forma results are also not necessarily indicative of the results of future operations.

     Third Quarter Ended September 30,      Nine Months Ended September 30,  
(In thousands)    2013      2012      2013      2012  

Total revenues

    $ 2,262,592       $ 2,167,067       $ 6,630,372       $ 6,293,525   

Gross profit

    $ 329,674       $ 311,209       $ 979,621       $ 940,190   

Income from continuing operations before taxes

    $ 39,261       $ 20,575       $ 89,194       $ 96,571   

Net income

    $ 24,864       $ 12,630       $ 55,323       $ 62,972   

Earnings per share from continuing operations

    $ 0.47       $ 0.22       $ 1.04       $ 1.07   
Results Associated with Dealerships Classified as Discontinued Operations

Revenues and other activities associated with dealerships classified as discontinued operations were as follows:

 

     Third Quarter Ended September 30,     Nine Months Ended September 30,  
(In thousands)    2013     2012     2013     2012  

Income (loss) from operations

    $ (1,389 )    $ (1,925 )    $ (22 )    $ (8,425 ) 

Gain (loss) on disposal

      (57 )      1,065        (435 )      6,578   

Lease exit accrual adjustments and charges

      (611 )      (2,316 )      (1,977 )      (3,595 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Pre-tax income (loss)

    $ (2,057 )    $ (3,176 )    $ (2,434 )    $ (5,442 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
        
  

 

 

    

 

 

    

 

 

    

 

 

  

Total revenues

    $ —        $ 45,724      $ —        $ 180,050