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Equity
 12 Months Ended
Dec. 31, 2012
Equity  
Equity

14.  Equity

 

Share Repurchase

 

During 2012 we acquired 350 shares of our outstanding common stock for $8,522, or an average of $24.35 per share, under our existing securities repurchase program. Also during 2012 we acquired 56 shares of our common stock for $1,307, or an average of $23.49 per share, from employees in connection with vesting of employee restricted stock awards. During 2011 we acquired 2,450 shares of our outstanding common stock for $44,263, or an average of $18.07 per share, under the repurchase program. As of December 31, 2012, we have $98,300 in authorization under the repurchase program.

 

Accumulated Other Comprehensive Income (Loss)

 

The components of accumulated other comprehensive income (loss), net of tax, attributable to Penske Automotive Group follow:

 

 

 

Currency
Translation

 

Interest Rate
Swaps

 

Other

 

Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at January 1, 2010

 

$

4,874

 

$

(5,505

)

$

11,223

 

$

10,592

 

Change

 

(16,852

)

5,435

 

695

 

(10,722

)

Balance at December 31, 2010

 

(11,978

)

(70

)

11,918

 

(130

)

Change

 

(5,792

)

(9,574

)

(8,695

)

(24,061

)

Balance at December 31, 2011

 

(17,770

)

(9,644

)

3,223

 

(24,191

)

Change

 

18,254

 

966

 

(1,862

)

17,358

 

Balance at December 31, 2012

 

$

484

 

$

(8,678

)

$

1,361

 

$

(6,833

)

 

“Other” represents changes relating to other immaterial items, including: certain defined benefit plans in the U.K. and changes in other comprehensive income of equity method investments, each of which has been excluded from net income and reflected in comprehensive income and equity.