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CONSOLIDATED CONDENSED STATEMENT OF EQUITY (USD $) In Thousands, except Share data, unless otherwise specified | Total | Total Penske Automotive Group Stockholders' Equity | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Non-controlling Interest
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2012 | $ 1,316,321 | $ 1,304,215 | $ 9 | $ 700,013 | $ 611,026 | $ (6,833) | $ 12,106
Balance (in shares) at Dec. 31, 2012 |  |  | 90,294,765 |  |  |  |
Increase (decrease) in stockholders' equity |  |  |  |  |  |  |
Equity compensation | 7,451 | 7,451 |  | 7,451 |  |  |
Equity compensation (in shares) |  |  | 412,786 |  |  |  |
Repurchases of common stock | (15,813) | (15,813) |  | (15,813) |  |  |
Repurchases of common stock (in shares) |  |  | (507,561) |  |  |  |
Dividends | (40,663) | (40,663) |  |  | (40,663) |  |
Distributions to non-controlling interests | (1,247) |  |  |  |  |  | (1,247)
Sale of subsidiary shares to non-controlling interest | 378 | 235 |  | 235 |  |  | 143
Deconsolidation of Italian investment | (8,309) |  |  |  |  |  | (8,309)
Reconsolidation of Italian investment | 8,914 |  |  |  |  |  | 8,914
Foreign currency translation | 6,714 | 6,180 |  |  |  | 6,180 | 534
Interest rate swaps | 2,997 | 2,997 |  |  |  | 2,997 |
Forward exchange contracts | (4,013) | (4,013) |  |  |  | (4,013) |
Other | (1,385) | (1,385) |  |  |  | (1,385) |
Net income | 186,046 | 184,981 |  |  | 184,981 |  | 1,065
Balance at Sep. 30, 2013 | $ 1,457,391 | $ 1,444,185 | $ 9 | $ 691,886 | $ 755,344 | $ (3,054) | $ 13,206
Balance (in shares) at Sep. 30, 2013 |  |  | 90,199,990 |  |  |  |

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