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AN » Topics » Other Losses (Gains)

This excerpt taken from the AN 10-K filed Feb 24, 2005.
     Other Losses (Gains)

      Other losses for 2003 were primarily the result of a real estate impairment charge totaling $17.6 million related to two underperforming franchised new vehicle stores which currently operate in converted used vehicle megastores. We also recognized an additional real estate impairment charge in 2003 totaling $9.9 million ($6.1 million, net of taxes) included in loss from Discontinued Operations related to an underperforming franchised new vehicle store which operated in a converted used vehicle megastore.

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