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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2014
Business Combinations |
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed |
|  | June 30, |
|  | 2014 |  | 2013 |
Accounts receivable |  | $ | 0.7 |  | $ | 0.3 |
Inventory |  | 29.1 |  | 1.9 |
Other current assets |  | 1.2 |  | 0.2 |
Property and equipment |  | 4.1 |  | 20.1 |
Indefinite-lived intangibles |  | 57.1 |  | 7.3 |
Current liabilities |  | (2.6 | ) | (0.1 | )
Non-current liabilities |  | (2.2 | ) | 1.0 |
Total consideration |  | 87.4 |  | 30.7 |
Seller financed/assumed debt |  | (1.2 | ) | — |
Cash used in dealership acquisitions |  | $ | 86.2 |  | $ | 30.7 |
Summary of unaudited consolidated pro forma results of operations |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Revenues |  | $ | 4,409.2 |  | $ | 4,076.7 |  | $ | 8,498.0 |  | $ | 7,888.1 |
Income from continuing operations |  | 80.3 |  | 74.2 |  | 146.5 |  | 143.4 |
Net income |  | 72.9 |  | 73.1 |  | 140.4 |  | 142.6 |
Income from continuing operations per diluted common share |  | $ | 0.89 |  | $ | 0.82 |  | $ | 1.62 |  | $ | 1.59 |
Net income per diluted common share |  | $ | 0.81 |  | $ | 0.81 |  | $ | 1.55 |  | $ | 1.58 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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