XML 70 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income / (Loss)
 6 Months Ended
Jun. 30, 2014
Accumulated Other Comprehensive Income / (Loss)  
Accumulated Other Comprehensive Income / (Loss)

11. Accumulated Other Comprehensive Income / (Loss)

 

Changes in accumulated other comprehensive income / (loss) by component and the reclassifications out of accumulated other comprehensive income / (loss) during the three and six months ended June 30, 2014 and 2013, attributable to Penske Automotive Group common stockholders follows:

 

Three Months Ended June 30, 2014

 

 

 

Foreign Currency
Translation

 

Other

 

Total

 

Balance at March 31, 2014

 

$

20.9

 

$

(2.9

)

$

18.0

 

Other comprehensive income before reclassifications

 

16.9

 

0.8

 

17.7

 

Amounts reclassified from accumulated other comprehensive income - net of tax

 

—

 

1.2

 

1.2

 

Net current-period other comprehensive income

 

16.9

 

2.0

 

18.9

 

Balance at June 30, 2014

 

$

37.8

 

$

(0.9

)

$

36.9

 

 

Three Months Ended June 30, 2013

 

 

 

Foreign Currency
Translation

 

Other

 

Total

 

Balance at March 31, 2013

 

$

(38.4

)

$

(6.1

)

$

(44.5

)

Other comprehensive income before reclassifications

 

1.5

 

0.9

 

2.4

 

Amounts reclassified from accumulated other comprehensive income - net of tax

 

—

 

0.6

 

0.6

 

Net current-period other comprehensive income

 

1.5

 

1.5

 

3.0

 

Balance at June 30, 2013

 

$

(36.9

)

$

(4.6

)

$

(41.5

)

 

Six Months Ended June 30, 2014

 

 

 

Foreign Currency
Translation

 

Other

 

Total

 

Balance at December 31, 2013

 

$

11.4

 

$

0.2

 

$

11.6

 

Other comprehensive income before reclassifications

 

26.4

 

(3.4

)

23.0

 

Amounts reclassified from accumulated other comprehensive income - net of tax

 

—

 

2.3

 

2.3

 

Net current-period other comprehensive income

 

26.4

 

(1.1

)

25.3

 

Balance at June 30, 2014

 

$

37.8

 

$

(0.9

)

$

36.9

 

 

Six Months Ended June 30, 2013

 

 

 

Foreign Currency
Translation

 

Other

 

Total

 

Balance at December 31, 2012

 

$

(1.2

)

$

(5.6

)

$

(6.8

)

Other comprehensive income before reclassifications

 

(34.8

)

(0.7

)

(35.5

)

Amounts reclassified from accumulated other comprehensive income - net of tax

 

(0.9

)

1.7

 

0.8

 

Net current-period other comprehensive income

 

(35.7

)

1.0

 

(34.7

)

Balance at June 30, 2013

 

$

(36.9

)

$

(4.6

)

$

(41.5

)

 

Within the amounts reclassified from accumulated other comprehensive income, amounts associated with Other relate to interest rate swaps and are included in floor plan interest expense.  The amount associated with foreign currency translation for the six months ended June 30, 2013 is included in selling, general, and administrative expenses.