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Net Income Per Share of Common Stock (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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

						Year Ended December 31,
						2022						2021												2020
($ in millions, except for per share amounts)						Common stock												Class A						Class B						Class A						Class B
Net income from continuing operations applicable to common stockholders						$	1,251.0											$	1,059.5					$	0.6					$	460.9					$	9.4
Reallocation of distributed net income due to conversion of class B to class A common shares outstanding						—												—						—						0.6						—
Conversion of class B common shares into class A common shares						—												0.6						—						8.8						—
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - diluted						$	1,251.0											$	1,060.1					$	0.6					$	470.3					$	9.4
Weighted average common shares outstanding – basic						28.2												28.8						—						23.3						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						0.1												0.2						—						0.3						—
Weighted average common shares outstanding – diluted						28.3												29.0						—						24.1						0.5
Basic earnings per share attributable to Lithia Motors, Inc.						$	44.38											$	36.81					$	36.81					$	19.74					$	19.74
Diluted earnings per share attributable to Lithia Motors, Inc.						$	44.17											$	36.54					$	36.54					$	19.53					$	19.53

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- References

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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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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