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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share
The following table presents the calculation of basic and diluted EPS:
Three Months EndedNine Months Ended
September 30,September 30,
 2024202320242023
Net income from continuing operations$185.8 $243.7 $506.1 $804.0 
Income from discontinued operations, net of income taxes— — — 0.9 
Net income$185.8 $243.7 $506.1 $804.9 
Basic weighted average common shares outstanding
39.9 43.6 40.8 45.3 
Dilutive effect of unvested RSUs and stock options0.4 0.4 0.3 0.3 
Diluted weighted average common shares outstanding
40.3 44.0 41.1 45.6 
Basic EPS amounts(1):
Continuing operations
$4.66 $5.59 $12.40 $17.75 
Discontinued operations
$— $— $— $0.02 
Net income$4.66 $5.59 $12.40 $17.77 
Diluted EPS amounts(1):
Continuing operations
$4.61 $5.54 $12.31 $17.63 
Discontinued operations
$— $— $— $0.02 
Net income$4.61 $5.54 $12.31 $17.65 
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.
In June 2024, we experienced an outage of our dealer management system provided by CDK Global, which is used to support our dealership operations, including our sales, service, inventory, customer relationship management, and accounting functions. Access to core functions of this system was restored by the end of June 2024, and certain ancillary systems and integrations were restored by the end of July 2024. As a result, our results of operations and earnings per share were negatively impacted by one-time compensation costs paid to commission-based associates to ensure business continuity in the second quarter of 2024 and by lost income from the disruption to our operations in the second and third quarters of 2024.