XML 53 R32.htm IDEA: XBRL DOCUMENT
v3.19.3

Acquisitions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Business Combinations [Abstract] |
Revenue and Operating Income from Acquisitions | Revenue and operating income contributed by the 2019 acquisitions subsequent to the date of acquisition were as follows (in millions):
Nine Months Ended September 30, |  | 2019
Revenue |  | $ | 100.7 |
Operating income |  | 1.9 |
Summary of Acquisitions | The following tables summarize the consideration paid for the 2019 acquisitions and the amount of identified assets acquired and liabilities assumed as of the acquisition date (in millions):
|  | Consideration
Cash paid, net of cash acquired |  | $ | 142.8 |
Debt issued |  | 26.4 |
|  | $ | 169.2 |
Assets Acquired and Liabilities Assumed | The following table details the preliminary purchase price allocations (in millions):
|  | Assets Acquired and Liabilities Assumed
Inventories, net |  | $ | 60.0 |
Property and equipment, net |  | 5.0 |
Other non-current assets |  | 131.9 |
Other long-term liabilities |  | (27.7 | )
|  | $ | 169.2 |
Pro Forma Summary of All Acquisitions | The following unaudited proforma summary presents consolidated information as if all acquisitions in the three and nine-month periods ended September 30, 2019 and 2018, had occurred on January 1, 2018 (in millions, except per share amounts):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Revenue |  | $ | 3,337.1 |  |  | $ | 3,188.9 |  |  | $ | 9,557.0 |  |  | $ | 9,326.8 |
Net income |  | 85.2 |  |  | 93.6 |  |  | 204.0 |  |  | 205.6 |
Basic net income per share |  | 3.67 |  |  | 3.87 |  |  | 8.79 |  |  | 8.34 |
Diluted net income per share |  | 3.63 |  |  | 3.86 |  |  | 8.74 |  |  | 8.30 |

X
- Definition Operating Results From Acquisitions [Table Text Block] + References No definition available. + Details
Name: | lad_OperatingResultsFromAcquisitionsTableTextBlock
Namespace Prefix: | lad_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration