Sonic Automotive (SAH) 10-Q 28 Apr 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 27, 2022
Document Information [Line Items]
Entity Registrant Name	SONIC AUTOMOTIVE, INC.
Entity Central Index Key	0001043509
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	SAH
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
City Area Code	(704)
Entity Address, Address Line One	4401 Colwick Road
Entity Address, Postal Zip Code	28211
Entity Tax Identification Number	56-2010790
Local Phone Number	566-2400
Entity File Number	1-13395
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Address, City or Town	Charlotte,
Entity Address, State or Province	NC
Document Quarterly Report	true
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		27,530,283
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,029,375

Details

Details	3 Months Ended
	Mar. 31, 2022
Document Information [Line Items]
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Entity Small Business	false
Entity Emerging Growth Company	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Revenues	$ 3,586,600,000	$ 2,786,800,000
Cost of Sales:
Cost of Sales	(3,015,300,000)	(2,385,900,000)
Gross profit	571,300,000	400,900,000
Selling, general and administrative expenses	(387,000,000)	(289,400,000)
Depreciation and amortization	(29,900,000)	(23,600,000)
Operating income (loss)	154,400,000	87,900,000
Other income (expense):
Interest expense, floor plan	(5,000,000)	(5,100,000)
Interest expense, other, net	(20,800,000)	(10,300,000)
Other income (expense), net	300,000	100,000
Total other income (expense)	(25,500,000)	(15,300,000)
Income (loss) from continuing operations before taxes	128,900,000	72,600,000
Provision for income taxes for continuing operations - benefit (expense)	(31,600,000)	(18,900,000)
Income (loss) from continuing operations	97,300,000	53,700,000
Discontinued operations:
Income (loss) from discontinued operations before taxes	0	700,000
Provision for income taxes for discontinued operations - benefit (expense)	0	(200,000)
Income (loss) from discontinued operations	0	500,000
Net income (loss)	$ 97,300,000	$ 54,200,000
Basic earnings (loss) per common share:
Earnings (loss) per share from continuing operations (usd per share)	$ 2.41	$ 1.29
Earnings (loss) per share from discontinued operations (usd per share)	0	0.02
Earnings (loss) per common share (usd per share)	$ 2.41	$ 1.31
Weighted average common shares outstanding	40,400	41,500
Diluted earnings (loss) per common share:
Earnings (loss) per share from continuing operations (usd per share)	$ 2.33	$ 1.23
Earnings (loss) per share from discontinued operations (usd per share)	0	0.02
Earnings (loss) per common share (usd per share)	$ 2.33	$ 1.25
Weighted average common shares outstanding	41,800	43,500
Total vehicles
Revenues:
Revenues	$ 3,039,500,000	$ 2,321,200,000
Cost of Sales:
Cost of Sales	(2,821,400,000)	(2,220,000,000)
New vehicles
Revenues:
Revenues	1,499,900,000	1,156,300,000
Cost of Sales:
Cost of Sales	(1,331,400,000)	(1,086,900,000)
Used vehicles
Revenues:
Revenues	1,370,900,000	1,090,100,000
Cost of Sales:
Cost of Sales	(1,322,700,000)	(1,059,200,000)
Wholesale vehicles
Revenues:
Revenues	168,700,000	74,800,000
Cost of Sales:
Cost of Sales	(167,300,000)	(73,900,000)
Retail New Vehicles [Member]
Revenues:
Revenues	1,351,300,000	1,134,000,000
Cost of Sales:
Cost of Sales	(1,183,600,000)	(1,064,800,000)
Fleet New Vehicles [Member]
Revenues:
Revenues	148,600,000	22,300,000
Cost of Sales:
Cost of Sales	(147,800,000)	(22,100,000)
Parts, service and collision repair
Revenues:
Revenues	380,500,000	320,900,000
Cost of Sales:
Cost of Sales	(193,900,000)	(165,900,000)
Finance, insurance and other, net
Revenues:
Revenues	$ 166,600,000	$ 144,700,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 97,300	$ 54,200
Other comprehensive income (loss) before taxes:
Change in fair value of interest rate swap and interest rate cap agreements	300	400
Total other comprehensive income (loss) before taxes	300	400
Provision for income tax benefit (expense) related to components of other comprehensive income (loss)	(100)	(200)
Other comprehensive income (loss)	200	200
Comprehensive income (loss)	$ 97,500	$ 54,400

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 360,200	$ 299,400
Receivables, net	351,500	401,100
Inventories	1,198,100	1,261,200
Other current assets	150,800	122,400
Total current assets	2,060,600	2,084,100
Property and Equipment, net	1,488,600	1,458,800
Goodwill	423,500	416,400
Other Intangible Assets, net	486,600	480,200
Right-of-use asset	293,600	293,200
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	193,700	179,900
Other Assets	59,600	62,500
Total Assets	5,006,200	4,975,100
Current Liabilities:
Notes payable - floor plan - trade	73,800	89,800
Notes payable - floor plan - non-trade	1,122,300	1,178,600
Trade accounts payable	124,200	133,300
Operating Lease, Liability, Current	37,000	36,200
Finance Lease, Liability, Current	52,500	52,700
Other accrued liabilities	406,300	350,500
Current maturities of long-term debt	53,100	50,600
Total current liabilities	1,869,200	1,891,700
Long-Term Debt	1,493,200	1,510,700
Other Long-Term Liabilities	94,100	96,000
Operating Lease, Liability, Noncurrent	263,800	264,800
Finance Lease, Liability, Noncurrent	150,900	135,500
Commitments and Contingencies
Stockholders' Equity:
Class A convertible preferred stock, none issued	0	0
Paid-in capital	795,100	790,200
Retained Earnings (Accumulated Deficit)	1,138,900	1,051,700
Accumulated other comprehensive income (loss)	(1,100)	(1,300)
Treasury stock, at cost; 33,476,159 Class A common stock shares held at September 30, 2018 and 32,290,493 Class A common stock shares held at December 31, 2017	(798,700)	(765,000)
Total Stockholders' Equity	1,135,000	1,076,400
Total Liabilities and Stockholders' Equity	5,006,200	4,975,100
Class A Common Stock
Stockholders' Equity:
Common stock, value	700	700
Class B common stock
Stockholders' Equity:
Common stock, value	$ 100	$ 100

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Convertible preferred stock issued	0	0
Class A Common Stock
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	67,016,735	66,501,072
Common stock, shares outstanding	28,516,272	28,692,532
Treasury stock, shares	38,500,463	37,808,540
Class B common stock
Common stock, par value (usd per share)	$ 0.01
Common stock, shares authorized	30,000,000
Common stock, shares issued	12,029,375

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Class A Common Stock	Class A Common StockCommon Stock	Class A Common StockTreasury Stock	Class A Common StockRetained Earnings	Class B Common Stock	Class B Common StockCommon Stock	Class B Common StockRetained Earnings
Beginning balance at Dec. 31, 2020	$ 814,800	$ 767,500	$ 721,800	$ (3,600)		$ 700	$ (671,700)			$ 100
Beginning balance (shares) at Dec. 31, 2020						65,600	35,800			12,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares awarded under stock compensation plan	0	0				$ 0
Shares awarded under stock compensation plan (shares)						400
Purchase of treasury stock	(42,200)						$ (42,200)
Purchases of treasury stock (shares)							(1,000)
Change in fair value of interest rate swap and interest rate cap agreements, net of tax expense of $1,563	200			200
Restricted stock amortization	3,500	3,500
Net income (loss)	54,200		54,200
Dividends, Common Stock					$ 2,900			$ 2,900	$ 1,200		$ 1,200
Ending balance at Mar. 31, 2021	826,400	771,000	771,900	(3,400)		$ 700	$ (713,900)			$ 100
Ending balance (shares) at Mar. 31, 2021						66,000	36,800			12,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per common share (usd per share)					$ 0.1				$ 0.1
Retained Earnings (Accumulated Deficit)	1,051,700
Beginning balance at Dec. 31, 2021	1,076,400	790,200	1,051,700	(1,300)		$ 700	$ (765,000)			$ 100
Beginning balance (shares) at Dec. 31, 2021						66,500	37,800			12,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares awarded under stock compensation plan	400	400				$ 0
Shares awarded under stock compensation plan (shares)						500
Purchase of treasury stock	(33,700)						$ (33,700)
Purchases of treasury stock (shares)							(700)
Change in fair value of interest rate swap and interest rate cap agreements, net of tax expense of $1,563	200			200
Restricted stock amortization	4,500
Net income (loss)	97,300		97,300
Dividends, Common Stock					$ 7,100			$ 7,100	$ 3,000		$ 3,000
Ending balance at Mar. 31, 2022	1,135,000	795,100	$ 1,138,900	$ (1,100)		$ 700	$ (798,700)			$ 100
Ending balance (shares) at Mar. 31, 2022						67,000	38,500			12,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per common share (usd per share)					$ 0.25				$ 0.25
APIC, Share-based Payment Arrangement, Increase for Cost Recognition		$ 4,500
Retained Earnings (Accumulated Deficit)	$ 1,138,900

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 97,300	$ 54,200
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment	27,000	22,200
Debt issuance cost amortization	1,100	800
Stock-based compensation expense	4,500	3,500
Deferred income taxes	(3,200)	(2,900)
Other	(200)	400
Changes in assets and liabilities that relate to operations:
Receivables	53,400	(1,900)
Inventories	72,200	16,500
Other assets	(11,800)	9,600
Notes payable - floor plan - trade	(16,000)	(46,500)
Trade accounts payable and other liabilities	28,200	34,400
Total adjustments	155,200	36,100
Net cash provided by (used in) operating activities	252,500	90,300
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of businesses, net of cash acquired	(28,400)	(8,800)
Purchases of land, property and equipment	(58,800)	(67,700)
Proceeds from sales of property and equipment	6,900	900
Net cash provided by (used in) investing activities	(80,300)	(75,600)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (repayments) borrowings on notes payable - floor plan - non-trade	56,300	(51,500)
Borrowings on revolving credit facilities	0	4,900
Repayments on revolving credit facilities	0	(4,900)
Debt issuance costs	200	0
Principal payments and repurchase of long-term debt	(15,800)	(9,000)
Purchases of treasury stock	(33,700)	(42,200)
Finance Lease, Principal Payments	900	900
Issuance of shares under stock compensation plans	400	0
Dividends paid	(4,900)	(4,200)
Net cash provided by (used in) financing activities	(111,400)	(107,800)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	60,800	(93,100)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	299,400	170,300
CASH AND CASH EQUIVALENTS, END OF PERIOD	360,200	77,200
Cash paid (received) during the period for:
Interest, including amount capitalized	10,700	19,100
Income taxes	$ 100	$ (400)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Tax effect on fair value of interest rate swap and rate cap agreements	$ 100	$ 334

Business Acquisitions and Dispo

Business Acquisitions and Dispositions	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Business Acquisitions and Dispositions	2. Business Acquisitions and Dispositions We acquired two franchised dealership locations during the three months ended March 31, 2022 for an aggregate gross purchase price (including inventory acquired and subsequently funded by floor plan notes payable) of approximately $28.4 million, including the impact of the RFJ Acquisition post-close adjustment. Of this amount, $13.7 million was related to the acquisition of the two franchised dealerships. The allocation of the $13.7 million aggregate gross purchase price for the acquisitions completed during the three months ended March 31, 2022 included inventory of $4.9 million, property and equipment of $0.1 million, franchise assets of $6.4 million, goodwill of $1.3 million, other assets of $1.1 million and other liabilities of $0.1 million. We did not acquire any businesses during the three months ended March 31, 2021. We did not dispose of any businesses during the three months ended March 31, 2022 and 2021.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: March 31, 2022 December 31, 2021 (In millions) New vehicles $ 278.2 $ 273.1 Used vehicles 730.8 807.2 Service loaners 112.5 106.3 Parts, accessories and other 76.6 74.6 Net inventories $ 1,198.1 $ 1,261.2

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Capital expenditures in all periods were primarily related to real estate acquisitions, construction of new franchised dealerships and EchoPark stores, building improvements and equipment purchased for use in our franchised dealerships and EchoPark stores. Assets held for sale as of December 31, 2021 consists of real property not currently used in operations that we expect to dispose of in the next 12 months.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The changes in the carrying amount of goodwill for March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 (In millions) Carrying Amount of Goodwill: Franchised Dealerships Segment $ 219.8 213.5 EchoPark Segment 203.7 202.9 Total goodwill (1) $ 423.5 $ 416.4 (1) Net of accumulated impairment losses of $1.1 billion.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
2016 Credit Facilities [Text Block]	2021 Credit Facilities On April 14, 2021, we entered into an amended and restated syndicated revolving credit facility (the “2021 Revolving Credit Facility”) and amended and restated syndicated new and used vehicle floor plan credit facilities (the “2021 Floor Plan Facilities” and, together with the 2021 Revolving Credit Facility, the “2021 Credit Facilities”). The amendment and restatement of the 2021 Credit Facilities extended the scheduled maturity dates to April 14, 2025. On October 8, 2021, we entered into an amendment to the 2021 Credit Facilities (the “Credit Facility Amendment”) to, among other things: (1) increase the aggregate commitments under the 2021 Revolving Credit Facility to the lesser of $350.0 million (which may be increased at the Company’s option up to $400.0 million upon satisfaction of certain conditions) and the applicable revolving borrowing base, and the 2021 Floor Plan Facilities to $2.6 billion (which, under certain conditions, may be increased at the Company’s option up to $2.85 billion that may be allocated between the new vehicle revolving floor plan facility and the used vehicle revolving floor plan facility that comprise the 2021 Floor Plan Facilities Plan Facility as the Company requests, with no more than 40% of the aggregate commitments allocated to the commitments under the used vehicle floor plan facility); and (2) permit the issuance of the 4.625% Notes and the 4.875% Notes. As amended, availability under the 2021 Revolving Credit Facility is calculated as the lesser of $350.0 million or a borrowing base calculated based on certain eligible assets, less the aggregate face amount of any outstanding letters of credit under the 2021 Revolving Credit Facility (the "2021 Revolving Borrowing Base"). The 2021 Revolving Credit Facility may be increase at our option up to $400.0 million upon satisfaction of certain conditions. As of March 31, 2022, the 2021 Revolving Borrowing Base was approximately $286.5 million based on balances as of such date. As of March 31, 2022, we had no outstanding borrowings and approximately $12.5 million in outstanding letters of credit under the 2021 Revolving Credit Facility, resulting in $274.0 million remaining borrowing availability under the 2021 Revolving Credit Facility. Our obligations under the 2021 Credit Facilities are guaranteed by us and certain of our subsidiaries and are secured by a pledge of substantially all of our and our subsidiaries’ assets. As of the dates presented in the accompanying unaudited condensed consolidated financial statements, the amounts outstanding under the 2021 Credit Facilities bear interest at variable rates based on specified percentages above LIBOR. We have agreed under the 2021 Credit Facilities not to pledge any assets to any third parties (other than those explicitly allowed to be pledged by the amended terms of the 2021 Credit Facilities), including other lenders, subject to certain stated exceptions, including floor plan financing arrangements. In addition, the 2021 Credit Facilities contain certain negative covenants, including covenants which could restrict or prohibit indebtedness, liens, the payment of dividends, capital expenditures and material dispositions and acquisitions of assets, as well as other customary covenants and default provisions. Specifically, the 2021 Credit Facilities permit quarterly cash dividends on our Class A and Class B Common Stock up to $0.25 per share so long as no Event of Default (as defined in the 2021 Credit Facilities) has
6.125 Note Text Block [Text Block]	On October 27, 2021, we issued $650.0 million in aggregate principal amount of 4.625% Notes, which will mature on November 15, 2029. Sonic used the net proceeds from the issuance of the 4.625% Notes to fund the RFJ Acquisition and to repay existing debt. The 4.625% Notes were issued under an Indenture, dated as of October 27, 2021 (the “2029 Indenture”), by and among the Company, certain subsidiary guarantors named therein (collectively, the "Guarantors") and U.S. Bank National Association, as trustee (the “trustee”). The 4.625% Notes are unconditionally guaranteed, jointly and severally, on a senior unsecured basis initially by all of the Company's operating domestic subsidiaries. The non-domestic operating subsidiary that is not a guarantor is considered minor. Under certain circumstances set forth in the 2029 Indenture, the guarantees of the certain subsidiaries of the Company comprising the EchoPark Business (as defined in the 2029 Indenture) may be released. The 2029 Indenture also provides substantial flexibility for the Company to enter into fundamental transactions involving the EchoPark Business. The 2029 Indenture provides that interest on the 4.625% Notes will be payable semi-annually in arrears on May 15 and November 15 of each year beginning May 15, 2022. The 2029 Indenture also contains other restrictive covenants and default provisions common for an issue of senior notes of this nature. The 4.625% Notes are redeemable by the Company under certain circumstances. For further discussion of the 4.625% Notes, see Note 6, “Long-Term Debt,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021. 4.875% Notes On October 27, 2021, we issued $500.0 million in aggregate principal amount of 4.875% Notes, which will mature on November 15, 2031. Sonic used the net proceeds from the issuance of the 4.875% Notes to fund the RFJ Acquisition and to repay existing debt. The 4.875% Notes were issued under an Indenture, dated as of October 27, 2021 (the “2031 Indenture”), by and among the Company, the Guarantors and the trustee. The 4.875% Notes are unconditionally guaranteed, jointly and severally, on a senior unsecured basis initially by all of the Company's operating domestic subsidiaries. The non-domestic operating subsidiary that is not a guarantor is considered minor. Under certain circumstances set forth in the 2031 Indenture, the guarantees of the certain subsidiaries of the Company comprising the EchoPark Business (as defined in the 2031 Indenture) may be released. The 2031 Indenture also provides substantial flexibility for the Company to enter into fundamental transactions involving the Echo-Park Business. The 2031 Indenture provides that interest on the 4.875% Notes will be payable semi-annually in arrears on May 15 and November 15 of each year beginning May 15, 2022. The 2031 Indenture also contains other restrictive covenants and default provisions common for an issue of senior notes of this nature. The 4.875% Notes are redeemable by the Company under certain circumstances. For further discussion of the 4.875% Notes, see Note 6, “Long-Term Debt,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021.
2019 Mortgage Facility Text Block [Text Block]	2019 Mortgage Facility On November 22, 2019, we entered into a delayed draw-term loan credit agreement, which is scheduled to mature on November 22, 2024 (the “2019 Mortgage Facility”). On October 11, 2021, we entered into an amendment to the 2019 Mortgage Facility to permit the issuance of the 4.625% Notes and the 4.875% Notes. Under the 2019 Mortgage Facility, Sonic has a maximum borrowing limit of $112.2 million, which varies based on the appraised value of the collateral underlying the 2019 Mortgage Facility. The amount available for borrowing under the 2019 Mortgage Facility is subject to compliance with a borrowing base. The borrowing base is calculated based on 75% of the appraised value of certain eligible real estate designated by Sonic and owned by certain of our subsidiaries. Based on balances as of March 31, 2022, we had approximately $87.3 million of outstanding borrowings under the 2019 Mortgage Facility, resulting in total remaining borrowing availability of approximately $24.9 million under the 2019 Mortgage Facility. Amounts outstanding under the 2019 Mortgage Facility bear interest at (1) a specified rate above LIBOR (as defined in the 2019 Mortgage Facility), ranging from 1.50% to 2.75% per annum according to a performance-based pricing grid determined by the Company’s Consolidated Total Lease Adjusted Leverage Ratio (as defined in the 2019 Mortgage Facility) as of the last day of the immediately preceding fiscal quarter (the “Performance Grid”); or (2) a specified rate above the Base Rate (as defined in the 2019 Mortgage Facility), ranging from 0.50% to 1.75% per annum according to the Performance Grid. For further discussion of the 2019 Mortgage Facility, see Note 6, “Long-Term Debt,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021.
Mortgage Notes Text Block [Text Block]	Mortgage Notes to Finance Companies As of March 31, 2022, the weighted-average interest rate of our other outstanding mortgage notes (excluding the 2019 Mortgage Facility) was 3.62% and the total outstanding mortgage principal balance of these notes (excluding the 2019 Mortgage Facility) was approximately $333.0 million. These mortgage notes require monthly payments of principal and interest through their respective maturities, are secured by the underlying properties and contain certain cross-default provisions. Maturity dates for these mortgage notes range between 2022 and 2033.
2020 Line of Credit Text Block [Text Block]

Per Share Data and Stockholders

Per Share Data and Stockholders' Equity	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Per Share Data and Stockholders' Equity	Earnings Per Share –

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees and Indemnifications In accordance with the terms of our operating lease agreements, our dealership subsidiaries, acting as lessees, generally agree to indemnify the lessor from certain exposure arising as a result of the use of the leased premises, including environmental exposure and repairs to leased property upon termination of the lease. In addition, we have generally agreed to indemnify the lessor in the event of a breach of the lease by the lessee. In connection with dealership dispositions and facility relocations, certain of our subsidiaries have assigned or sublet to the buyer their interests in real property leases associated with such dealerships. In general, the subsidiaries retain responsibility for the performance of certain obligations under such leases, including rent payments and repairs to leased property upon termination of the lease, to the extent that the assignee or the sublessee does not perform. In the event an assignee or a sublessee does not perform its obligations, Sonic remains liable for such obligations. In accordance with the terms of agreements entered into for the sale of our dealerships, we generally agree to indemnify the buyer from certain liabilities and costs arising subsequent to the date of sale, including environmental exposure and exposure resulting from the breach of representations or warranties made in accordance with the agreements. While our exposure with respect to environmental remediation and repairs is difficult to quantify, we did not have any exposure as of March 31, 2022 and had exposure of $4.0 million at December 31, 2021. These indemnifications typically expire within a period of one We also guarantee the floor plan commitments of our 50%-owned joint venture, and the amount of such guarantee was approximately $4.3 million at both March 31, 2022 and December 31, 2021. Legal Matters Sonic is involved, and expects to continue to be involved, in various legal and administrative proceedings arising out of the conduct of its business, including regulatory investigations and private civil actions brought by plaintiffs purporting to represent a potential class or for which a class has been certified. Although Sonic vigorously defends itself in all legal and administrative proceedings, the outcomes of pending and future proceedings arising out of the conduct of Sonic’s business, including litigation with customers, employment-related lawsuits, contractual disputes, class actions, purported class actions and actions brought by governmental authorities, cannot be predicted with certainty. An unfavorable resolution of one or more of these matters could have a material adverse effect on Sonic’s business, financial condition, results of operations, cash flows or prospects. Included in other accrued liabilities and other long-term liabilities in the accompanying unaudited condensed consolidated balance sheet as of March 31, 2022 and December 31, 2021 were approximately $1.6 million and $0.3 million, respectively, in reserves that Sonic was holding for pending proceedings. Except as reflected in such reserves, Sonic is currently unable to estimate a range of reasonably possible loss, or a range of reasonably possible loss in excess of the amount accrued, for pending proceedings.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. Fair Value Measurements Assets and liabilities recorded at fair value in the accompanying unaudited condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021 were as follows: Fair Value Based on Significant Other Observable Inputs (Level 2) March 31, 2022 December 31, 2021 (In millions) Assets: Cash surrender value of life insurance policies (1) $ 38.5 $ 39.5 Total assets $ 38.5 $ 39.5 Liabilities: Deferred compensation plan (2) $ 23.5 $ 24.4 Total liabilities $ 23.5 $ 24.4 (1) Included in other assets in the accompanying unaudited condensed consolidated balance sheets. (2) Included in other long-term liabilities in the accompanying unaudited condensed consolidated balance sheets. There were no instances during the three months ended March 31, 2022 which required a fair value measurement of assets ordinarily measured at fair value on a non-recurring basis. These assets will be evaluated as of the annual valuation assessment date of October 1, 2022 or as events or changes in circumstances require. As of March 31, 2022 and December 31, 2021, the fair values of Sonic’s financial instruments, including receivables, notes receivable from finance contracts, notes payable – floor plan, trade accounts payable, borrowings under the revolving credit facilities and certain mortgage notes, approximated their carrying values due either to length of maturity or existence of variable interest rates that approximate prevailing market rates. As of March 31, 2022 and December 31, 2021, the fair value and carrying value of Sonic’s significant fixed rate long-term debt were as follows: March 31, 2022 December 31, 2021 Fair Value Carrying Value Fair Value Carrying Value (In millions) 4.875% Notes (1) $ 443.8 $ 500.0 $ 504.8 $ 500.0 4.625% Notes (1) $ 580.1 $ 650.0 $ 655.9 $ 650.0 (1) As determined by market quotations from similar securities as of March 31, 2022 and December 31, 2021, respectively (Level 2). For further discussion of Sonic’s fair value measurements, see Note 11, “Fair Value Measurements,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)For further discussion of Sonic’s accumulated other comprehensive income (loss), see Note 13, “Accumulated Other Comprehensive Income (Loss),” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021. For further discussion of Sonic’s defined benefit pension plan, see Note 10, “Employee Benefit Plans,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	9. Segment Information As of March 31, 2022, Sonic had two operating segments: (1) retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle maintenance, warranty and repair services, and arrange finance and insurance products (the “Franchised Dealerships Segment”); and (2) pre-owned vehicle specialty retail locations that provide guests an opportunity to search our nationwide inventory, purchase a pre-owned vehicle, select finance and insurance products and sell their current vehicle to us (the “EchoPark Segment”). Sonic has determined that its operating segments also represent its reportable segments. The reportable segments identified above are the business activities of Sonic for which discrete financial information is available and for which operating results are regularly reviewed by Sonic ’ s chief operating decision maker to assess operating performance and allocate resources. Sonic’s chief operating decision maker is a group of three individuals consisting of: (1) the Company’s Chief Executive Officer; (2) the Company’s President; and (3) the Company’s Chief Financial Officer. Reportable segment financial information for the three months ended March 31, 2022 and 2021 were as follows: Three Months Ended March 31, 2022 2021 (In millions) Segment Revenues: Franchised Dealerships Segment revenues: Retail new vehicles $ 1,345.7 $ 1,134.0 Fleet new vehicles 148.6 22.3 Total new vehicles 1,494.3 1,156.3 Used vehicles 853.7 661.5 Wholesale vehicles 106.3 56.2 Parts, service and collision repair 380.5 308.1 Finance, insurance and other, net 126.5 97.6 Franchised Dealerships Segment revenues $ 2,961.3 2279.7 EchoPark Segment revenues: Retail new vehicles $ 5.6 — Used vehicles 517.2 441.4 Wholesale vehicles 62.4 18.6 Finance, insurance and other, net 40.1 47.1 EchoPark Segment revenues $ 625.3 $ 507.1 Total consolidated revenues $ 3,586.6 $ 2,786.8 Three Months Ended March 31, 2022 2021 (In millions) Segment Income (Loss) (1): Franchised Dealerships Segment $ 163.8 $ 70.6 EchoPark Segment (34.9) 2.0 Income from continuing operations before taxes $ 128.9 $ 72.6 (1) Segment income (loss) for each segment is defined as income (loss) from continuing operations before taxes and impairment charges. Three Months Ended March 31, 2022 2021 (In millions) Depreciation and Amortization: Franchised Dealerships Segment $ 24.9 $ 20.4 EchoPark Segment 5.0 3.2 Total depreciation and amortization $ 29.9 $ 23.6 Three Months Ended March 31, 2022 2021 (In millions) Floor Plan Interest Expense: Franchised Dealerships Segment $ 3.3 $ 4.1 EchoPark Segment 1.7 1.0 Total floor plan interest expense $ 5.0 $ 5.1 Three Months Ended March 31, 2022 2021 (In millions) Interest Expense, Other, Net: Franchised Dealerships Segment $ 20.0 $ 10.0 EchoPark Segment 0.8 0.3 Total interest expense, other, net $ 20.8 $ 10.3 Three Months Ended March 31, 2022 2021 (In millions) Capital Expenditures: Franchised Dealerships Segment $ 30.2 $ 46.2 EchoPark Segment 28.6 21.5 Total capital expenditures $ 58.8 $ 67.7 March 31, 2022 December 31, 2021 (In millions) Assets: Franchised Dealerships Segment $ 3,986.9 $ 3,934.9 EchoPark Segment 659.1 740.6 Corporate and other: Cash and cash equivalents 360.2 299.4 Other corporate assets — 0.2 Total assets $ 5,006.2 $ 4,975.1

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Business Acquisitions and Dispositions	2. Business Acquisitions and Dispositions We acquired two franchised dealership locations during the three months ended March 31, 2022 for an aggregate gross purchase price (including inventory acquired and subsequently funded by floor plan notes payable) of approximately $28.4 million, including the impact of the RFJ Acquisition post-close adjustment. Of this amount, $13.7 million was related to the acquisition of the two franchised dealerships. The allocation of the $13.7 million aggregate gross purchase price for the acquisitions completed during the three months ended March 31, 2022 included inventory of $4.9 million, property and equipment of $0.1 million, franchise assets of $6.4 million, goodwill of $1.3 million, other assets of $1.1 million and other liabilities of $0.1 million. We did not acquire any businesses during the three months ended March 31, 2021. We did not dispose of any businesses during the three months ended March 31, 2022 and 2021.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent EventsSubsequent to March 31, 2021, we repurchased an additional 1.0 million shares of Class A Common Stock at an average price of $42.40, resulting in current remaining availability of approximately $150.0 million

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of Sonic Automotive, Inc. and its wholly owned subsidiaries (“Sonic,” the “Company,” “we,” “us” or “our”) for the three months ended March 31, 2022 and 2021 are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States (the “U.S.”) (“GAAP”) for interim financial information and applicable rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements reflect, in the opinion of management, all material normal, recurring adjustments necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021.
Principles of Consolidation	Principles of Consolidation – All of our dealership and non-dealership subsidiaries are wholly owned and consolidated in the accompanying unaudited condensed consolidated financial statements, except for one 50%-owned dealership that is accounted for under the equity method. All material intercompany balances and transactions have been eliminated in the accompanying unaudited condensed consolidated financial statements.
Revenue from Contract with Customers	Revenue Recognition – Revenue is recognized when a customer obtains control of promised goods or services and in an amount that reflects the consideration that the entity expects to receive in exchange for those goods or services. We do not include the cost of obtaining contracts within the related revenue streams since we elected the practical expedient to expense the costs to obtain a contract when incurred. Management has evaluated our established business processes, revenue transaction streams and accounting policies, and identified our material revenue streams to be: (1) the sale of new vehicles; (2) the sale of used vehicles to retail customers; (3) the sale of wholesale used vehicles at third-party auctions; (4) the arrangement of vehicle financing and the sale of service, warranty and other insurance contracts; and (5) the performance of vehicle maintenance and repair services and the sale of related parts and accessories. Generally, performance obligations are satisfied when the associated vehicle is either delivered to a customer and customer acceptance has occurred, over time as the maintenance and repair services are performed, or at the time of wholesale and retail parts sales. We do not have any revenue streams with significant financing components as payments are typically received within a short period of time following completion of the performance obligation(s). Retrospective finance and insurance revenues (“F&I retro revenues”) are recognized when the product contract has been executed with the end customer and the transaction price is estimated each reporting period based on the expected value method using historical and projected data. F&I retro revenues can vary based on a variety of factors, including number of contracts and history of cancellations and claims. Accordingly, we utilize this historical and projected data to constrain the consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. We record revenue when vehicles are delivered to customers, as vehicle service work is performed and when parts are delivered. Conditions for completing a sale include having an agreement with the customer, including pricing, and it being probable that the proceeds from the sale will be collected.
Per Share Data and Stockholders' Equity	Earnings Per Share –

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Unusual Risks and Uncertainties	COVID-19 – The COVID-19 pandemic negatively impacted the global economy beginning in the first quarter of 2020 and continued to affect the global economy and supply chain. The impact on the economy initially affected both consumer demand and supply of manufactured goods as many countries around the world and states and municipalities in the U.S. mandated restrictions on citizen movements (i.e., shelter-in-place or stay-at-home orders) or on in-person retail trade or manufacturing activities at physical locations. The economic impact from the COVID-19 pandemic continues to impact our business. The global automotive supply chain has been significantly disrupted during the pandemic, primarily related to the production of semiconductors and other components that are used in many modern automobiles, in addition to workforce-related production delays and stoppages. As a result, automobile manufacturing is operating at lower than usual production levels, reducing the amount of new vehicle and certain parts inventory available to our dealerships. These inventory constraints, coupled with strong consumer demand and elevated levels of consumer savings, have led to low new and used vehicle inventory and a high new and used vehicle pricing environment, which drove lower retail new vehicle unit sales volumes across the industry. As a result of the pandemic and related shelter-in-place or stay-at-home orders, we transitioned many of our teammates to remote work arrangements. In situations where a teammate’s role did not permit remote work (e.g., service repair technicians), we implemented staggered work hours, social distancing and other safety measures to promote the health and safety of our teammates and guests. As a result of the systems and infrastructure we had in place prior to the pandemic, we were largely able to maintain our back-office operations, financial reporting and internal control processes with minimal disruption or changes in the effectiveness of such processes. All of our store operations were impacted by the COVID-19 pandemic to varying degrees. As of March 31, 2022, our stores remain subject to both external and self-imposed health and safety policies and practices that may affect the way we sell vehicles and interact with our guests in the future. State and local governmental restrictions on consumer and business activity may be tightened again if conditions related to the pandemic worsen as a result of future coronavirus variants. Recent Accounting Pronouncements – In March 2020, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2020-04, “Reference Rate Reform (Accounting Standards Codification (“ASC”) Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides optional guidance for a limited period of time to ease the potential accounting impact associated with transitioning away from reference rates that are expected to be discontinued, such as the London InterBank Offered Rate (“LIBOR”). The amendments in this ASU apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued. The amendments in ASU 2020-04 could be adopted beginning January 1, 2020 and are effective through December 31, 2022. In January 2021, the FASB issued ASU 2021-01 which clarifies that certain optional expedients and exceptions in ASC Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. We do not currently have any contracts that have been modified, amended or renegotiated to accommodate a transition to a new reference rate, but we will continue to evaluate any such modifications or amendments to our contracts to determine the applicability of this standard on our consolidated financial statements and related financial statement disclosures.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consist of the following: March 31, 2022 December 31, 2021 (In millions) New vehicles $ 278.2 $ 273.1 Used vehicles 730.8 807.2 Service loaners 112.5 106.3 Parts, accessories and other 76.6 74.6 Net inventories $ 1,198.1 $ 1,261.2

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	Property and equipment, net consists of the following: March 31, 2022 December 31, 2021 (In millions) Land $ 451.2 $ 447.4 Buildings and improvements 1,278.1 1,240.5 Furniture, fixtures and equipment 470.1 451.2 Construction in progress 57.9 68.1 Total, at cost 2,257.3 2,207.2 Less accumulated depreciation (768.7) (746.2) Subtotal 1,488.6 1,461.0 Less assets held for sale (1) — (2.2) Property and equipment, net $ 1,488.6 $ 1,458.8 (1) Classified in other current assets in the accompanying unaudited condensed consolidated balance sheets.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Instrument [Line Items]
Long-Term Debt	Long-term debt consists of the following: March 31, 2022 December 31, 2021 (In millions) 2021 Revolving Credit Facility (1) $ — $ — 4.625% Senior Notes due 2029 (the “4.625% Notes”) 650.0 650.0 4.875% Senior Notes due 2031 (the “4.875% Notes”) 500.0 500.0 2019 Mortgage Facility (2) 87.3 90.0 Mortgage notes to finance companies - fixed rate, bearing interest from 2.05% to 7.03% 202.5 213.4 Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR 130.5 132.8 Subtotal $ 1,570.3 $ 1,586.2 Debt issuance costs (24.0) (24.9) Total debt 1,546.3 1,561.3 Less current maturities (53.1) (50.6) Long-term debt $ 1,493.2 $ 1,510.7 (1) The interest rate on the 2021 Revolving Credit Facility (as defined below) was 100 basis points above LIBOR at both March 31, 2022 and December 31, 2021. (2) The interest rate on the 2019 Mortgage Facility (as defined below) was 150 basis points above LIBOR at both March 31, 2022 and December 31, 2021.
Financial Covenants Include Required Specified Ratios	Covenants We have agreed under the 2021 Credit Facilities and the 2019 Mortgage Facility not to pledge any assets to any third parties (other than those explicitly allowed to be pledged by the amended terms of the 2021 Credit Facilities and the 2019 Mortgage Facility), including other lenders, subject to certain stated exceptions, including floor plan financing arrangements. In addition, the 2021 Credit Facilities and the 2019 Mortgage Facility contain certain negative covenants, including certain covenants which could restrict or prohibit indebtedness, liens, the payment of dividends and other restricted payments, capital expenditures and material dispositions and acquisitions of assets, as well as other customary covenants and default provisions. We were in compliance with the financial covenants under the 2021 Credit Facilities and the 2019 Mortgage Facility as of March 31, 2022. Financial covenants include required specified ratios (as each is defined in the 2021 Credit Facilities and the 2019 Mortgage Facility) of: Covenant Minimum Consolidated Liquidity Ratio Minimum Consolidated Fixed Charge Coverage Ratio Maximum Consolidated Total Lease Adjusted Leverage Ratio Required ratio 1.05 1.20 5.75 March 31, 2022 actual 1.26 2.66 2.11 The 2021 Credit Facilities and the 2019 Mortgage Facility contain events of default, including cross defaults to other material indebtedness, change of control events and other events of default customary for syndicated commercial credit facilities. Upon the future occurrence of an event of default, we could be required to immediately repay all outstanding amounts under the 2021 Credit Facilities and the 2019 Mortgage Facility. After giving effect to the applicable restrictions on the payment of dividends under our debt agreements, as of March 31, 2022, we had approximately $413.0 million of net income and retained earnings free of such restrictions. We were in compliance with all restrictive covenants under our debt agreements as of March 31, 2022. In addition, many of our facility leases are governed by a guarantee agreement between the landlord and us that contains financial and operating covenants. The financial covenants under the guarantee agreement are identical to those under the 2021 Credit Facilities and the 2019 Mortgage Facility with the exception of one additional financial covenant related to the ratio of EBTDAR to Rent (as defined in the guarantee agreement) with a required ratio of no less than 1.50 to 1.00. As of March 31, 2022, the ratio was 13.22 to 1.00.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Recorded at Fair Value	Assets and liabilities recorded at fair value in the accompanying unaudited condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021 were as follows: Fair Value Based on Significant Other Observable Inputs (Level 2) March 31, 2022 December 31, 2021 (In millions) Assets: Cash surrender value of life insurance policies (1) $ 38.5 $ 39.5 Total assets $ 38.5 $ 39.5 Liabilities: Deferred compensation plan (2) $ 23.5 $ 24.4 Total liabilities $ 23.5 $ 24.4 (1) Included in other assets in the accompanying unaudited condensed consolidated balance sheets. (2) Included in other long-term liabilities in the accompanying unaudited condensed consolidated balance sheets.
Fair Value and Carrying Value of Significant Fixed Rate Long-Term Debt	As of March 31, 2022 and December 31, 2021, the fair value and carrying value of Sonic’s significant fixed rate long-term debt were as follows: March 31, 2022 December 31, 2021 Fair Value Carrying Value Fair Value Carrying Value (In millions) 4.875% Notes (1) $ 443.8 $ 500.0 $ 504.8 $ 500.0 4.625% Notes (1) $ 580.1 $ 650.0 $ 655.9 $ 650.0 (1) As determined by market quotations from similar securities as of March 31, 2022 and December 31, 2021, respectively (Level 2).

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Summary of Changes in Accumulated Other Comprehensive Income (Loss)	For further discussion of Sonic’s accumulated other comprehensive income (loss), see Note 13, “Accumulated Other Comprehensive Income (Loss),” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021. For further discussion of Sonic’s defined benefit pension plan, see Note 10, “Employee Benefit Plans,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2021.

Leases, Codification Topic 842

Leases, Codification Topic 842 (Tables) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Lease, Cost [Abstract]
Finance Lease, Principal Payments	$ 900	$ 900
Leases [Abstract]
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	193,700		$ 179,900
Operating Lease, Liability, Current	37,000		36,200
Finance Lease, Liability, Current	52,500		52,700
Operating Lease, Liability, Noncurrent	263,800		264,800
Finance Lease, Liability, Noncurrent	$ 150,900		$ 135,500

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Cumulative Effect of Adjustments for Adoption of ASC 606 (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenues:
Revenues	$ 3,586,600,000	$ 2,786,800,000
Cost of Sales:
Cost of Sales	(3,015,300,000)	(2,385,900,000)
Operating income (loss)	154,400,000	87,900,000
Assets:
Receivables, net	351,500,000		$ 401,100,000
Liabilities:
Other accrued liabilities	406,300,000		350,500,000
Stockholders' Equity:
Retained Earnings (Accumulated Deficit)	1,138,900,000		1,051,700,000
Parts, service and collision repair
Revenues:
Revenues	380,500,000	320,900,000
Cost of Sales:
Cost of Sales	(193,900,000)	(165,900,000)
Finance, insurance and other, net
Revenues:
Revenues	166,600,000	$ 144,700,000
ASU 2014-09 | Finance, insurance and other, net
Assets:
Contract assets	$ 24,400,000		$ 34,900,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 193,700	$ 179,900
Intangible assets	486,600	480,200
Right-of-use asset	$ 293,600	$ 293,200

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Activity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 193,700	$ 179,900
Operating Lease, Right-of-Use Asset	$ 293,600	$ 293,200

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Percentage of dealership that is accounted for under the equity method	50.00%
Effective tax rate from continuing operations	24.50%	26.00%
Income benefit	$ (31,600)	$ (18,900)
Dealership
Schedule of Equity Method Investments [Line Items]
Percentage of dealership that is accounted for under the equity method	50.00%
ASU 2014-09 | Finance, insurance and other, net
Schedule of Equity Method Investments [Line Items]
Contract assets	$ 24,400		$ 34,900

Business Acquisitions and Dis_2

Business Acquisitions and Dispositions - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022USD ($)retail_UnitsBusiness	Mar. 31, 2021USD ($)Business
Business Acquisition [Line Items]
Number of franchises disposed	0	0
Net cash generated from disposition	$ 0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory	4,300,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles	1,100,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred	14,700,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets	3,400,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities	$ 5,900,000
Mid-line import franchise
Business Acquisition [Line Items]
Net cash generated from disposition		$ 0
EchoPark Segment [Member]
Business Combinations [Abstract]
Number of acquired franchises | Business	0
Business Acquisition [Line Items]
Number of acquired franchises | Business	0
Stand-alone pre-owned vehicle business
Business Acquisition [Line Items]
Business acquisition, consideration amount	$ 28,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	4,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	100,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	6,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	1,100,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other	$ (100,000)
Franchised [Member]
Business Combinations [Abstract]
Number of acquired franchises | Business	2
Business Acquisition [Line Items]
Number of acquired franchises | Business	2

Business Acquisitions and Dis_3

Business Acquisitions and Dispositions - Revenues and Other Activities Associated with Disposed Dealerships Classified as Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax income (loss)	$ 0	$ 700

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
New vehicles	$ 278,200	$ 273,100
Used vehicles	730,800	807,200
Service loaners	112,500	106,300
Parts, accessories and other	76,600	74,600
Net inventories	$ 1,198,100	$ 1,261,200

Property and Equipment - Compon

Property and Equipment - Components of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Less accumulated depreciation	$ (768,700)	$ (746,200)
Subtotal	1,488,600	1,461,000
Less assets held for sale	0	(2,200)
Property and equipment, net	1,488,600	1,458,800
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	451,200	447,400
Building and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,278,100	1,240,500
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	470,100	451,200
Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	57,900	68,100
Property, Plant and Equipment, Net, Excluding Capital Leased Assets
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,257,300	$ 2,207,200

Goodwill and Intangible Assets

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 423,500	$ 416,400
Net of accumulated impairment losses	1,100,000	1,100,000
Goodwill - Franchise Segment	219,800	213,500
Goodwill - Preowned Segment	203,700	202,900
Finite-Lived Intangible Assets [Line Items]
Goodwill	423,500	416,400
Goodwill [Line Items]
Goodwill - Preowned Segment	203,700	202,900
Net of accumulated impairment losses	1,100,000	1,100,000
Franchise assets
Finite-Lived Intangible Assets [Line Items]
Franchise assets	$ 486,600	$ 480,200

Long-Term Debt - Long-Term Debt

Long-Term Debt - Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Oct. 13, 2021
Debt Instrument [Line Items]
Subtotal	$ 1,570,300	$ 1,586,200
Debt issuance costs	(24,000)	(24,900)
Total debt	1,546,300	1,561,300
Less current maturities	(53,100)	(50,600)
Long-term debt	1,493,200	1,510,700
Mortgage notes
Debt Instrument [Line Items]
Mortgage notes to finance companies - fixed rate, bearing interest from 3.51% to 7.03%	202,500	213,400
Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR	130,500	132,800
Subtotal	$ 333,000
Mortgage notes | Minimum
Debt Instrument [Line Items]
Mortgage notes to finance companies-fixed rate, percentage	3.51%
Mortgage notes to finance companies-variable rate, percentage	1.50%
Mortgage notes | Maximum
Debt Instrument [Line Items]
Mortgage notes to finance companies-fixed rate, percentage	7.03%
Mortgage notes to finance companies-variable rate, percentage	2.90%
TwoThousandSixteenRevolvingCreditFacilityMember
Debt Instrument [Line Items]
2016 Revolving Credit Facility	$ 0	$ 0
Interest rate	2.50%	2.25%
5.0% Senior Subordinate Notes due 2023
Debt Instrument [Line Items]
Stated interest rate	5.00%
6.125% Senior Subordinate Notes due 2027
Debt Instrument [Line Items]
Stated interest rate	6.125%		6.125%
2019 Mortgage Facility [Member]
Debt Instrument [Line Items]
Senior Subordinated Notes	$ 87,300	$ 90,000
4.625% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Subordinated Notes	650,000	650,000
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Subordinated Notes	500,000	500,000
Total debt	$ 500,000	$ 500,000
Stated interest rate	4.875%

Long-Term Debt - 2016 Credit Fa

Long-Term Debt - 2016 Credit Facilities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
TwoThousandSixteenRevolvingCreditFacilityMember
Line of Credit Facility [Line Items]
2016 Revolving Credit Facility	$ 0	$ 0
Revolving Credit Facility | Two Thousand Twenty Vehicle Floor Plan Facility
Line of Credit Facility [Line Items]
Current borrowing capacity	2,600,000,000
Maximum borrowing capacity	$ 2,850,000,000
Maximum aggregate commitments allocated to commitments under the 2016 Used Vehicle Floor Plan Facility	40.00%
Revolving Credit Facility | TwoThousandTwentyRevolvingCreditFacility
Line of Credit Facility [Line Items]
Current borrowing capacity	$ 350,000,000
Maximum borrowing capacity	400,000,000
Borrowing base	286,500,000
2016 Revolving Credit Facility	0
Letters of credit outstanding amount	12,500,000
Borrowing availability amount	$ 274,000,000
Maximum dividend (usd per share)	$ 0.25

Long-Term Debt - Notes Narrativ

Long-Term Debt - Notes Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Oct. 13, 2021
Debt Instrument [Line Items]
Debt outstanding	$ 1,570,300,000	$ 1,586,200,000
Maximum Borrowing 2019 Mortgage Facility	$ 112,200,000
Mortgage notes
Debt Instrument [Line Items]
Debt weighted average interest rate on note	3.62%
Debt outstanding	$ 333,000,000
5.0% Notes
Debt Instrument [Line Items]
Stated interest rate	5.00%
6.125% Notes
Debt Instrument [Line Items]
Stated interest rate	6.125%		6.125%
Principal amount			$ 250,000,000
2019 Mortgage Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount	$ 24,900,000
Percent of Collateralized Real Estate	75.00%
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate	4.875%
4.625% Notes [Member]
Debt Instrument [Line Items]
Stated interest rate	4.625%
Minimum | 2019 Mortgage Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Debt Instrument, Basis Spread LIBOR	1.50%
Maximum | 2019 Mortgage Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Debt Instrument, Basis Spread LIBOR	2.75%

Long-Term Debt - Covenants (Det

Long-Term Debt - Covenants (Details) $ in Millions	Mar. 31, 2022USD ($)
Line of Credit Facility [Line Items]
Minimum Consolidated Liquidity Ratio	126.00%
Minimum Consolidated Fixed Charge Coverage Ratio	266.00%
Maximum Consolidated Total Lease Adjusted Leverage Ratio	211.00%
2016 Credit Facilities
Line of Credit Facility [Line Items]
Net income and retained earnings free of restrictions	$ 413
Minimum EBTDAR to rent ratio	1322.00%
Required ratio
Line of Credit Facility [Line Items]
Minimum Consolidated Liquidity Ratio	105.00%
Minimum Consolidated Fixed Charge Coverage Ratio	120.00%
Maximum Consolidated Total Lease Adjusted Leverage Ratio	575.00%
Required ratio | 2016 Credit Facilities
Line of Credit Facility [Line Items]
Minimum EBTDAR to rent ratio	150.00%

Long-Term Debt (Details)

Long-Term Debt (Details) - TwoThousandTwentyRevolvingCreditFacility - Revolving Credit Facility	Mar. 31, 2022USD ($)
Line of Credit Facility [Line Items]
2016 Revolving Credit Facility	$ 0
Borrowing availability amount	$ 274,000,000

Per Share Data and Stockholde_2

Per Share Data and Stockholders' Equity - Dilutive Effect on Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Weighted Average Shares
Weighted average common shares outstanding	40,400	41,500
Diluted earnings (loss) (shares)	41,800	43,500
From Continuing Operations
Earnings (loss)	$ 97,300	$ 53,700
Basic earnings (loss) per share (usd per share)	$ 2.41	$ 1.29
From Discontinued Operations
Earnings (loss)	$ 0	$ 500
Basic earnings (loss) per share (usd per share)	$ 0	$ 0.02
Net Income (Loss)
Earnings (loss)	$ 97,300	$ 54,200
Basic earnings (loss) per share (usd per share)	$ 2.41	$ 1.31
Effect of dilutive securities:
Earnings (loss) per share from continuing operations (usd per share)	2.33	1.23
Earnings (loss) per share from discontinued operations (usd per share)	0	0.02
Earnings (loss) per common share (usd per share)	$ 2.33	$ 1.25

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Maximum exposure associated with general indemnifications	$ 0	$ 4,000
General indemnifications minimum expiration period	1 year
General indemnifications maximum expiration period	3 years
Percentage of dealership that is accounted for under the equity method	50.00%
Contingent liability reserve balance after reduction	$ 4,300	$ 4,300
Other accrued liabilities
Other Commitments [Line Items]
Amount reserved for pending proceedings	1,600
Other long-term liabilities
Other Commitments [Line Items]
Amount reserved for pending proceedings	$ 300

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Recorded at Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Tangible Asset Impairment Charges	$ 0
Fair Value Based on Significant Other Observable Inputs (Level 2)
Assets:
Cash surrender value of life insurance policies	38,500	$ 39,500
Total assets	38,500	39,500
Liabilities:
Deferred compensation plan	23,500	24,400
Total liabilities	$ 23,500	24,400
Fair Value Based on Significant Other Observable Inputs (Level 2) | Other accrued liabilities
Liabilities:
Cash flow swaps and interest rate caps designated as hedges		0
Fair Value Based on Significant Other Observable Inputs (Level 2) | Other long-term liabilities
Liabilities:
Cash flow swaps and interest rate caps designated as hedges		$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value and Carrying Value of Significant Fixed Rate Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Oct. 13, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value	$ 1,546,300	$ 1,561,300
5.0% Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.00%
6.125% Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	6.125%		6.125%
4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 443,800	504,800
Carrying Value	$ 500,000	500,000
Stated interest rate	4.875%
4.625% Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 580,100	655,900
Carrying Value	$ 650,000	$ 650,000
Stated interest rate	4.625%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,076,400	$ 814,800
Other comprehensive income (loss)	200	200
Ending balance	1,135,000	826,400
Total Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,300)	(3,600)
Other comprehensive income (loss)	200	200
Ending balance	$ (1,100)	$ (3,400)

Segment Information - Additiona

Segment Information - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022Segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment Information - Summary o

Segment Information - Summary of Reportable Operating Segment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total consolidated revenues	$ 3,586,600,000	$ 2,786,800,000
Segment income (loss):
Segment income (loss)	154,400,000	87,900,000
Interest expense, other, net	(20,800,000)	(10,300,000)
Other income (expense), net	300,000	100,000
Income (loss) from continuing operations before taxes	128,900,000	72,600,000
Depreciation, Depletion and Amortization	29,900,000	23,600,000
FloorPlanInterestExpense	5,000,000	5,100,000
Interest Expense, Other	20,800,000	10,300,000
Payments to Acquire Property, Plant, and Equipment	58,800,000	67,700,000
Cash and cash equivalents	360,200,000	77,200,000	$ 299,400,000	$ 170,300,000
Other Assets	0	200,000
Assets	5,006,200,000		4,975,100,000
Franchised Dealerships Segment
Revenues:
Total consolidated revenues	2,961,300,000	2,279,700,000
Segment income (loss):
Interest expense, other, net	(20,000,000)	(10,000,000)
Depreciation, Depletion and Amortization	24,900,000	20,400,000
FloorPlanInterestExpense	3,300,000	4,100,000
Interest Expense, Other	20,000,000	10,000,000
Payments to Acquire Property, Plant, and Equipment	30,200,000	46,200,000
Assets	3,986,900,000		3,934,900,000
EchoPark Segment
Revenues:
Total consolidated revenues	625,300,000	507,100,000
Segment income (loss):
Interest expense, other, net	(800,000)	(300,000)
Depreciation, Depletion and Amortization	5,000,000	3,200,000
FloorPlanInterestExpense	1,700,000	1,000,000
Interest Expense, Other	800,000	300,000
Payments to Acquire Property, Plant, and Equipment	28,600,000	21,500,000
Assets	659,100,000		$ 740,600,000
Operating segments | Franchised Dealerships Segment
Segment income (loss):
Segment income (loss)	163,800,000	70,600,000
Operating segments | EchoPark Segment
Segment income (loss):
Segment income (loss)	(34,900,000)	2,000,000
Reconciling items
Segment income (loss):
Other income (expense), net	128,900,000	72,600,000
New vehicles
Revenues:
Total consolidated revenues	1,499,900,000	1,156,300,000
New vehicles | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	1,494,300,000	1,156,300,000
Used vehicles
Revenues:
Total consolidated revenues	1,370,900,000	1,090,100,000
Used vehicles | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	853,700,000	661,500,000
Used vehicles | EchoPark Segment
Revenues:
Total consolidated revenues	517,200,000	441,400,000
Wholesale vehicles
Revenues:
Total consolidated revenues	168,700,000	74,800,000
Wholesale vehicles | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	106,300,000	56,200,000
Wholesale vehicles | EchoPark Segment
Revenues:
Total consolidated revenues	62,400,000	18,600,000
Parts, service and collision repair
Revenues:
Total consolidated revenues	380,500,000	320,900,000
Parts, service and collision repair | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	380,500,000	308,100,000
Finance, insurance and other, net
Revenues:
Total consolidated revenues	166,600,000	144,700,000
Finance, insurance and other, net | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	126,500,000	97,600,000
Finance, insurance and other, net | EchoPark Segment
Revenues:
Total consolidated revenues	40,100,000	47,100,000
NewVehiclesMember | EchoPark Segment
Revenues:
Total consolidated revenues	5,600,000	0
Retail New Vehicles [Member]
Revenues:
Total consolidated revenues	1,351,300,000	1,134,000,000
Retail New Vehicles [Member] | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	1,345,700,000	1,134,000,000
Fleet New Vehicles [Member]
Revenues:
Total consolidated revenues	148,600,000	22,300,000
Fleet New Vehicles [Member] | Franchised Dealerships Segment
Revenues:
Total consolidated revenues	$ 148,600,000	$ 22,300,000

Leases, Codification Topic 84_2

Leases, Codification Topic 842 (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 193,700	$ 179,900
Right-of-use asset	$ 293,600	$ 293,200

Business Combinations (Details)

Business Combinations (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)retail_UnitsBusiness	Mar. 31, 2021Business
Business Combinations [Abstract]
Number of franchises disposed	0	0
RFJ
Asset Acquisition [Line Items]
Business acquisition, consideration amount	$ 964,900
Business acquisition, consideration amount	$ 964,900
EchoPark Segment [Member]
Asset Acquisition [Line Items]
Number of acquired franchises | Business	0
Stand-alone pre-owned vehicle business
Asset Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	$ 4,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	6,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	100
Goodwill, Acquired During Period	1,300
Business acquisition, consideration amount	28,400
Business acquisition, consideration amount	$ 28,400
Franchised [Member]
Asset Acquisition [Line Items]
Number of acquired franchises | Business	2
Franchised Dealerships Acquired
Asset Acquisition [Line Items]
Business acquisition, consideration amount	$ 13,700
Business acquisition, consideration amount	$ 13,700

Subsequent Events (Details)

Subsequent Events (Details)	Mar. 31, 2022	Mar. 31, 2022USD ($)	Mar. 31, 2022shares	Mar. 31, 2022$ / shares	Oct. 13, 2021USD ($)
Subsequent Event [Line Items]
Subsequent Class A Common Stock Repurchase		150,000,000	1,000,000
Subsequent Class A Common Stock Repurchase Ave Price | $ / shares				$ 42.4
6.125% Notes
Subsequent Events [Abstract]
Principal amount					$ 250,000,000
Stated interest rate	6.125%				6.125%
Subsequent Event [Line Items]
Principal amount					$ 250,000,000
Stated interest rate	6.125%				6.125%