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Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of net income and weighted average shares used for our basic earnings per share (EPS) and diluted EPS:

Three Months Ended September 30,						2021												2020
(in millions, except per share amounts)						Class A						Class B						Class A						Class B
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - basic						$	307.9					$	—					$	156.0					$	2.8
Reallocation of net income due to conversion of Class B to Class A common shares outstanding						—						—						0.2						—
Conversion of Class B common shares into Class A common shares						—						—						2.6						—
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - diluted						$	307.9					$	—					$	158.8					$	2.8
Weighted average common shares outstanding – basic						30.3						—						22.5						0.4
Conversion of Class B common shares into Class A common shares						—						—						0.4						—
Effect of dilutive stock options on weighted average common shares						0.2						—						0.2						—
Weighted average common shares outstanding – diluted						30.5						—						23.1						0.4
Basic earnings per share attributable to Lithia Motors, Inc.						$	10.18					$	—					$	6.95					$	6.95
Diluted earnings per share attributable to Lithia Motors, Inc.						$	10.11					$	—					$	6.86					$	6.86

Nine Months Ended September 30,						2021												2020
(in millions, except per share amounts)						Class A						Class B						Class A						Class B
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - basic						$	768.4					$	0.6					$	276.4					$	6.3
Reallocation of net income due to conversion of class B to class A common shares outstanding						—						—						0.5						—
Conversion of class B common shares into class A common shares						0.6						—						5.8						—
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - diluted						$	769.0					$	0.6					$	282.7					$	6.3
Weighted average common shares outstanding – basic						28.4						—						22.5						0.5
Conversion of class B common shares into class A common shares						—						—						0.5						—
Effect of employee stock purchases and restricted stock units on weighted average common shares						0.2						—						0.2						—
Weighted average common shares outstanding – diluted						28.6						—						23.2						0.5
Basic earnings per share attributable to Lithia Motors, Inc.						$	27.12					$	27.12					$	12.29					$	12.29
Diluted earnings per share attributable to Lithia Motors, Inc.						$	26.91					$	26.91					$	12.18					$	12.18

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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