XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Business Combinations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Business Combinations |
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed |
|  | September 30, |
|  | 2016 |  | 2015 |
Accounts receivable |  | $ | 3.9 |  | $ | 52.0 |
Inventory |  |  | 63.4 |  |  | 171.7 |
Other current assets |  |  | 0.2 |  |  | 1.3 |
Property and equipment |  |  | 12.1 |  |  | 72.1 |
Indefinite-lived intangibles |  |  | 32.9 |  |  | 68.2 |
Other non-current assets |  |  | 2.7 |  |  | 1.3 |
Current liabilities |  |  | (4.4) |  |  | (42.1) |
Non-current liabilities |  |  | (4.8) |  |  | (67.8) |
Total consideration |  |  | 106.0 |  |  | 256.7 |
Seller financed/assumed debt |  |  | — |  |  | (2.6) |
Seller assumed floor plan |  |  | — |  |  | (118.3) |
Fair value of previously held interest |  |  | — |  |  | (28.0) |
Fair value of non-controlling interest |  |  | — |  |  | (22.4) |
Total cash used in acquisitions |  | $ | 106.0 |  | $ | 85.4 |
Summary of unaudited consolidated pro forma results of operations |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Revenues |  | $ | 5,152.0 |  | $ | 5,232.2 |  | $ | 15,425.8 |  | $ | 15,314.0 |
Income from continuing operations |  |  | 87.4 |  |  | 88.1 |  |  | 262.4 |  |  | 262.1 |
Net income |  |  | 87.5 |  |  | 88.1 |  |  | 261.3 |  |  | 261.0 |
Income from continuing operations per diluted common share |  | $ | 1.03 |  | $ | 0.98 |  | $ | 3.04 |  | $ | 2.90 |
Net income per diluted common share |  | $ | 1.03 |  | $ | 0.98 |  | $ | 3.03 |  | $ | 2.89 |

X
- 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=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: 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=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration