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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following is a reconciliation of net income attributable to Lithia Motors, Inc. and weighted average shares used for our basic EPS and diluted EPS:
Three Months Ended March 31, |  |  |  | Three Months Ended March 31,
(in millions, except per share amounts) |  |  |  |  |  | 2023 |  | 2022
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders |  |  |  |  |  | $ | 228.7 |  |  | $ | 342.2 |
Weighted average common shares outstanding – basic |  |  |  |  |  | 27.5 |  |  | 29.5 |
Effect of employee stock purchases and restricted stock units on weighted average common shares |  |  |  |  |  | — |  |  | 0.1 |
Weighted average common shares outstanding – diluted |  |  |  |  |  | 27.5 |  |  | 29.6 |
Basic earnings per share attributable to Lithia Motors, Inc. |  |  |  |  |  | $ | 8.32 |  |  | $ | 11.59 |
Diluted earnings per share attributable to Lithia Motors, Inc. |  |  |  |  |  | $ | 8.30 |  |  | $ | 11.55 |

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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 + Details
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