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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | Six Months Ended June 30,
(in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders | $ | 214.2 |  |  | $ | 297.2 |  |  | $ | 376.7 |  |  | $ | 525.9 |
Weighted average common shares outstanding – basic | 27.2 |  |  | 27.5 |  |  | 27.4 |  |  | 27.5 |
Effect of employee stock purchases and restricted stock units on weighted average common shares outstanding | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Weighted average common shares outstanding – diluted | 27.2 |  |  | 27.6 |  |  | 27.4 |  |  | 27.6 |
Basic earnings per share attributable to Lithia Motors, Inc. | $ | 7.88 |  |  | $ | 10.79 |  |  | $ | 13.77 |  |  | $ | 19.11 |
Diluted earnings per share attributable to Lithia Motors, Inc. | $ | 7.87 |  |  | $ | 10.78 |  |  | $ | 13.75 |  |  | $ | 19.08 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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