Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 17

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 such charges will be reflected in the Company’s results of operations in future periods.The components of total restructuring charges were as follows (in millions): Three Months Ended September 30, 2025Nine Months Ended September 30, 2025Contract termination costs$— $4.1 Facility closure costs0.2 3.6 Employee related costs0.9 8.4 Asset impairments0.3 4.0 Systems integration costs0.2 0.2 Total restructuring charges$1.6 $20.3 Charges associated with the Restructuring Plan are included within Restructuring Charges on the Condensed Consolidated Statements of Operations. As of September 30, 2025, the Company has incurred $33.0 million of restructuring charges related to the Restructuring Plan since the commencement of the plan.The following table presents the changes in restructuring related liabilities (in millions):December 31, 2024$11.9 Charges incurred (1)16.3 Cash payments(21.4)September 30, 2025$6.9 (1) Charges incurred excludes non-cash asset impairments of $4.0 million.

Liabilities associated with restructuring charges are included in Accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets. 

14

Table of Contents GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

6. SEGMENT INFORMATION 

As of September 30, 2025, the Company had two operating and reportable segments: the U.S. and the U.K. The Company defines its segments as those operations whose results the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), regularly reviews to analyze performance and allocate resources to the U.S. and U.K. geographic areas. Each segment is comprised of retail automotive franchises that sell new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. The CODM predominantly uses the metric of income before income taxes in making decisions about the allocation of operating and capital resources to each segment, evaluating annual budget and forecast, as well as determining compensation for certain employees. Selected reportable segment data for continuing operations were as follows (in millions). All intercompany balances and transactions have been eliminated in consolidation.Th