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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Purchase Price Allocations For Acquisitions | The preliminary purchase price allocations for the acquisitions completed during the nine months ended September 30, 2017 and the year ended December 31, 2016 are as follows (in thousands):
| Nine Months Ended |  | Year Ended
| September 30, 2017 |  | December 31, 2016
| All Acquisitions (1) |  | Rhiag |  | PGW (2) |  | Other Acquisitions |  | Total
Receivables | $ | 53,509 |  |  | $ | 230,670 |  |  | $ | 136,523 |  |  | $ | 13,216 |  |  | $ | 380,409 |
Receivable reserves | (5,696 | ) |  | (28,242 | ) |  | (7,135 | ) |  | (794 | ) |  | (36,171 | )
Inventories (3) | 121,484 |  |  | 239,529 |  |  | 169,159 |  |  | 62,223 |  |  | 470,911 |
Prepaid expenses and other current assets | (1,147 | ) |  | 10,793 |  |  | 42,573 |  |  | 4,445 |  |  | 57,811 |
Property and equipment | 5,511 |  |  | 56,774 |  |  | 225,645 |  |  | 17,140 |  |  | 299,559 |
Goodwill | 192,688 |  |  | 585,415 |  |  | 205,058 |  |  | 52,336 |  |  | 842,809 |
Other intangibles | 31,149 |  |  | 429,360 |  |  | 37,954 |  |  | 2,537 |  |  | 469,851 |
Other assets (4) | 2,188 |  |  | 2,092 |  |  | 57,671 |  |  | (133 | ) |  | 59,630 |
Deferred income taxes | (1,676 | ) |  | (110,791 | ) |  | 17,506 |  |  | (1,000 | ) |  | (94,285 | )
Current liabilities assumed | (83,223 | ) |  | (239,665 | ) |  | (168,332 | ) |  | (42,290 | ) |  | (450,287 | )
Debt assumed | (29,900 | ) |  | (550,843 | ) |  | (4,027 | ) |  | (2,378 | ) |  | (557,248 | )
Other noncurrent liabilities assumed | (1,563 | ) |  | (23,085 | ) |  | (50,847 | ) |  | (103 | ) |  | (74,035 | )
Contingent consideration liabilities | (6,234 | ) |  | — |  |  | — |  |  | — |  |  | — |
Other purchase price obligations | (3,777 | ) |  | — |  |  | — |  |  | (6,698 | ) |  | (6,698 | )
Notes issued | (18,899 | ) |  | — |  |  | — |  |  | (4,087 | ) |  | (4,087 | )
Settlement of pre-existing balances | (620 | ) |  | (591 | ) |  | — |  |  | (32 | ) |  | (623 | )
Gains on bargain purchases (5) | (3,990 | ) |  | — |  |  | — |  |  | (8,207 | ) |  | (8,207 | )
Settlement of other purchase price obligations (non-interest bearing) | 2,863 |  |  | — |  |  | — |  |  | — |  |  | — |
Cash used in acquisitions, net of cash acquired | $ | 252,667 |  |  | $ | 601,416 |  |  | $ | 661,748 |  |  | $ | 86,175 |  |  | $ | 1,349,339 |
(1) | Includes $6 million and $3 million of adjustments to reduce property and equipment and other current assets for Rhiag and PGW, respectively.
(2) | Includes both continuing and discontinued operations of PGW. See Note 3, "Discontinued Operations" for further information on our discontinued operations.
(3) | The PGW inventory balance includes the impact of a $10 million step-up adjustment to report the inventory at its fair value.
(4) | The balance for PGW includes $24 million of investments in unconsolidated subsidiaries which relate to the discontinued portion of our PGW operations.
(5) | The amount recorded during the nine months ended September 30, 2017 includes a $3 million increase to the gain on bargain purchase recorded for our Andrew Page acquisition as a result of changes to our estimate of the fair value of the net assets acquired. The remainder of the gain on bargain purchase recorded during the nine months ended September 30, 2017 is an immaterial amount related to another acquisition in Europe completed in the second quarter of 2017, as the fair value of the net assets acquired exceeded the purchase price.
Pro Forma Effect Of Businesses Acquired | The following pro forma summary presents the effect of the businesses acquired during the nine months ended September 30, 2017 as though the businesses had been acquired as of January 1, 2016, and the businesses acquired during the year ended December 31, 2016 as though they had been acquired as of January 1, 2015. The pro forma adjustments are based upon unaudited financial information of the acquired entities (in thousands, except per share data):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Revenue, as reported | $ | 2,465,800 |  |  | $ | 2,207,343 |  |  | $ | 7,267,054 |  |  | $ | 6,433,625 |
Revenue of purchased businesses for the period prior to acquisition: |  |  |  |  |  |  |
Rhiag | — |  |  | — |  |  | — |  |  | 213,376 |
PGW (1) | — |  |  | — |  |  | — |  |  | 102,540 |
Other acquisitions | 18,664 |  |  | 177,210 |  |  | 195,550 |  |  | 572,076 |
Pro forma revenue | $ | 2,484,464 |  |  | $ | 2,384,553 |  |  | $ | 7,462,604 |  |  | $ | 7,321,617 |
Income from continuing operations, as reported | $ | 122,381 |  |  | $ | 109,844 |  |  | $ | 414,104 |  |  | $ | 359,825 |
Income (loss) from continuing operations of purchased businesses for the period prior to acquisition, and pro forma purchase accounting adjustments: |  |  |  |  |  |  |
Rhiag | — |  |  | 59 |  |  | — |  |  | (84 | )
PGW (1),(2) | — |  |  | — |  |  | — |  |  | 7,574 |
Other acquisitions | 734 |  |  | 2,727 |  |  | 6,481 |  |  | 9,198 |
Acquisition related expenses, net of tax (3) | 2,184 |  |  | 328 |  |  | 4,801 |  |  | 10,483 |
Pro forma income from continuing operations | $ | 125,299 |  |  | $ | 112,958 |  |  | $ | 425,386 |  |  | $ | 386,996 |
Earnings per share from continuing operations, basic—as reported | $ | 0.40 |  |  | $ | 0.36 |  |  | $ | 1.34 |  |  | $ | 1.17 |
Effect of purchased businesses for the period prior to acquisition: |  |  |  |  |  |  |
Rhiag | — |  |  | 0.00 |  |  | — |  |  | (0.00) |
PGW (1),(2) | — |  |  | — |  |  | — |  |  | 0.02 |
Other acquisitions | 0.00 |  |  | 0.01 |  |  | 0.02 |  |  | 0.03 |
Acquisition related expenses, net of tax (3) | 0.01 |  |  | 0.00 |  |  | 0.02 |  |  | 0.03 |
Pro forma earnings per share from continuing operations, basic (4) | $ | 0.41 |  |  | $ | 0.37 |  |  | $ | 1.38 |  |  | $ | 1.26 |
Earnings per share from continuing operations, diluted—as reported | $ | 0.39 |  |  | $ | 0.35 |  |  | $ | 1.33 |  |  | $ | 1.16 |
Effect of purchased businesses for the period prior to acquisition: |  |  |  |  |  |  |
Rhiag | — |  |  | 0.00 |  |  | — |  |  | (0.00) |
PGW (1),(2) | — |  |  | — |  |  | — |  |  | 0.02 |
Other acquisitions | 0.00 |  |  | 0.01 |  |  | 0.02 |  |  | 0.03 |
Acquisition related expenses, net of tax (3) | 0.01 |  |  | 0.00 |  |  | 0.02 |  |  | 0.03 |
Pro forma earnings per share from continuing operations, diluted (4) | $ | 0.40 |  |  | $ | 0.36 |  |  | $ | 1.37 |  |  | $ | 1.25 |
(1) | PGW reflects the results for the continuing aftermarket automotive glass distribution business only.
(2) | Excludes $5 million of corporate costs from January 1, 2016 through April 21, 2016 that we do not expect to incur going forward as a result of the sale of the glass manufacturing business.
(3) | Includes expenses related to acquisitions closed in the period and excludes expenses for acquisitions not yet completed.
(4) | The sum of the individual earnings per share amounts may not equal the total due to rounding.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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