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Segment and Geographic Information (Tables) | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Schedule Of Financial Performance By Reportable Segment | The following tables present our financial performance by reportable segment for the periods indicated (in thousands):
| North America (1) |  | Europe |  | Specialty (1) |  | Eliminations |  | Consolidated
Three Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 1,181,756 |  |  | $ | 954,522 |  |  | $ | 329,522 |  |  | $ | — |  |  | $ | 2,465,800 |
Intersegment | 187 |  |  | — |  |  | 1,072 |  |  | (1,259 | ) |  | — |
Total segment revenue | $ | 1,181,943 |  |  | $ | 954,522 |  |  | $ | 330,594 |  |  | $ | (1,259 | ) |  | $ | 2,465,800 |
Segment EBITDA | $ | 152,627 |  |  | $ | 79,294 |  |  | $ | 35,114 |  |  | $ | — |  |  | $ | 267,035 |
Depreciation and amortization (2) | 22,104 |  |  | 32,326 |  |  | 5,472 |  |  | — |  |  | 59,902 |
Three Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 1,118,421 |  |  | $ | 770,219 |  |  | $ | 318,703 |  |  | $ | — |  |  | $ | 2,207,343 |
Intersegment | 200 |  |  | — |  |  | 969 |  |  | (1,169 | ) |  | — |
Total segment revenue | $ | 1,118,621 |  |  | $ | 770,219 |  |  | $ | 319,672 |  |  | $ | (1,169 | ) |  | $ | 2,207,343 |
Segment EBITDA | $ | 139,738 |  |  | $ | 72,586 |  |  | $ | 34,115 |  |  | $ | — |  |  | $ | 246,439 |
Depreciation and amortization (2) | 21,499 |  |  | 27,792 |  |  | 5,745 |  |  | — |  |  | 55,036 |
| North America (1) |  | Europe |  | Specialty (1) |  | Eliminations |  | Consolidated
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 3,596,108 |  |  | $ | 2,665,170 |  |  | $ | 1,005,776 |  |  | $ | — |  |  | $ | 7,267,054 |
Intersegment | 589 |  |  | — |  |  | 3,222 |  |  | (3,811 | ) |  | — |
Total segment revenue | $ | 3,596,697 |  |  | $ | 2,665,170 |  |  | $ | 1,008,998 |  |  | $ | (3,811 | ) |  | $ | 7,267,054 |
Segment EBITDA | $ | 502,494 |  |  | $ | 241,537 |  |  | $ | 119,133 |  |  | $ | — |  |  | $ | 863,164 |
Depreciation and amortization (2) | 64,305 |  |  | 85,809 |  |  | 16,394 |  |  | — |  |  | 166,508 |
Nine Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |
Third Party | $ | 3,336,240 |  |  | $ | 2,141,186 |  |  | $ | 956,199 |  |  | $ | — |  |  | $ | 6,433,625 |
Intersegment | 607 |  |  | — |  |  | 3,014 |  |  | (3,621 | ) |  | — |
Total segment revenue | $ | 3,336,847 |  |  | $ | 2,141,186 |  |  | $ | 959,213 |  |  | $ | (3,621 | ) |  | $ | 6,433,625 |
Segment EBITDA | $ | 451,504 |  |  | $ | 220,066 |  |  | $ | 111,083 |  |  | $ | — |  |  | $ | 782,653 |
Depreciation and amortization (2) | 59,174 |  |  | 66,380 |  |  | 16,616 |  |  | — |  |  | 142,170 |
Reconciliation Of Earnings Before Interest Taxes Depreciation And Amortization To Net Income Table [Text Block] | The table below provides a reconciliation of Net Income to Segment EBITDA (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Net income | $ | 122,381 |  |  | $ | 122,688 |  |  | $ | 409,573 |  |  | $ | 377,644 |
Subtract: |  |  |  |  |  |  |
Income (loss) from discontinued operations, net of tax | — |  |  | 12,844 |  |  | (4,531 | ) |  | 17,819 |
Income from continuing operations | 122,381 |  |  | 109,844 |  |  | 414,104 |  |  | 359,825 |
Add: |  |  |  |  |  |  |
Depreciation and amortization | 56,877 |  |  | 52,979 |  |  | 159,178 |  |  | 137,168 |
Depreciation and amortization - cost of goods sold | 3,025 |  |  | 2,057 |  |  | 7,330 |  |  | 5,002 |
Interest expense, net | 25,222 |  |  | 24,761 |  |  | 73,806 |  |  | 64,002 |
Loss on debt extinguishment | — |  |  | — |  |  | — |  |  | 26,650 |
Provision for income taxes | 58,189 |  |  | 49,835 |  |  | 206,206 |  |  | 173,225 |
EBITDA | 265,694 |  |  | 239,476 |  |  | 860,624 |  |  | 765,872 |
Subtract: |  |  |  |  |  |  |
Equity in earnings (loss) of unconsolidated subsidiaries | 2,673 |  |  | 29 |  |  | 3,878 |  |  | (519 | )
Gains on foreign exchange contracts - acquisition related (1) | — |  |  | — |  |  | — |  |  | 18,342 |
Gains on bargain purchases (2) | 913 |  |  | — |  |  | 3,990 |  |  | — |
Add: |  |  |  |  |  |  |
Restructuring and acquisition related expenses (3) | 4,922 |  |  | 6,923 |  |  | 10,371 |  |  | 30,814 |
Inventory step-up adjustment - acquisition related (4) | — |  |  | 12 |  |  | — |  |  | 3,614 |
Change in fair value of contingent consideration liabilities | 5 |  |  | 57 |  |  | 37 |  |  | 176 |
Segment EBITDA | $ | 267,035 |  |  | $ | 246,439 |  |  | $ | 863,164 |  |  | $ | 782,653 |
(1) | Reflects gains on foreign currency forwards used to fix the euro purchase price of Rhiag. See Note 2, "Business Combinations," for further information.
(2) | Reflects the gains on bargain purchases related to our acquisitions of Andrew Page and a wholesale business in Europe. See Note 2, "Business Combinations," for further information.
(3) | See Note 5, "Restructuring and Acquisition Related Expenses," for further information.
(4) | Reflects the impact on Cost of Goods Sold of the step-up acquisition adjustment to record PGW inventory at its fair value.
Schedule Of Capital Expenditures By Reportable Segment | The following table presents capital expenditures by reportable segment (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Capital Expenditures |  |  |  |  |  |  |
North America | $ | 31,021 |  |  | $ | 24,420 |  |  | $ | 69,934 |  |  | $ | 68,271 |
Europe | 12,119 |  |  | 16,554 |  |  | 55,253 |  |  | 57,105 |
Specialty | 852 |  |  | 582 |  |  | 6,752 |  |  | 11,235 |
Discontinued operations | — |  |  | 8,871 |  |  | 3,598 |  |  | 16,135 |
Total capital expenditures | $ | 43,992 |  |  | $ | 50,427 |  |  | $ | 135,537 |  |  | $ | 152,746 |
Schedule Of Assets By Reportable Segment | The following table presents assets by reportable segment (in thousands):
| September 30, |  | December 31,
| 2017 |  | 2016 (1)
Receivables, net |  |  |
North America | $ | 380,463 |  |  | $ | 351,681 |
Europe | 551,862 |  |  | 443,281 |
Specialty | 89,403 |  |  | 65,587 |
Total receivables, net | 1,021,728 |  |  | 860,549 |
Inventories |  |  |
North America | 1,021,386 |  |  | 915,244 |
Europe | 929,006 |  |  | 718,729 |
Specialty | 285,984 |  |  | 301,264 |
Total inventories | 2,236,376 |  |  | 1,935,237 |
Property and Equipment, net |  |  |
North America | 524,738 |  |  | 505,925 |
Europe | 286,364 |  |  | 247,910 |
Specialty | 56,870 |  |  | 57,741 |
Total property and equipment, net | 867,972 |  |  | 811,576 |
Equity Method Investments |  |  |
North America | 336 |  |  | 336 |
Europe | 198,910 |  |  | 183,131 |
Total equity method investments | 199,246 |  |  | 183,467 |
Other unallocated assets | 4,538,616 |  |  | 4,512,370 |
Total assets | $ | 8,863,938 |  |  | $ | 8,303,199 |
Schedule Of Revenue By Geographic Area | The following table sets forth our revenue by geographic area (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Revenue |  |  |  |  |  |  |
United States | $ | 1,395,495 |  |  | $ | 1,336,851 |  |  | $ | 4,268,600 |  |  | $ | 3,997,525 |
United Kingdom | 399,155 |  |  | 336,168 |  |  | 1,171,829 |  |  | 1,044,110 |
Other countries | 671,150 |  |  | 534,324 |  |  | 1,826,625 |  |  | 1,391,990 |
Total revenue | $ | 2,465,800 |  |  | $ | 2,207,343 |  |  | $ | 7,267,054 |  |  | $ | 6,433,625 |
Schedule Of Tangible Long-Lived Assets By Geographic Area | The following table sets forth our tangible long-lived assets by geographic area (in thousands):
| September 30, |  | December 31,
| 2017 |  | 2016
Long-lived Assets |  |  |
United States | $ | 547,536 |  |  | $ | 531,425 |
United Kingdom | 178,583 |  |  | 159,689 |
Other countries | 141,853 |  |  | 120,462 |
Total long-lived assets | $ | 867,972 |  |  | $ | 811,576 |
Schedule Of Revenue By Product Category | The following table sets forth our revenue by product category (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Aftermarket, other new and refurbished products | $ | 1,875,369 |  |  | $ | 1,670,960 |  |  | $ | 5,496,004 |  |  | $ | 4,809,775 |
Recycled, remanufactured and related products and services | 458,388 |  |  | 424,876 |  |  | 1,376,577 |  |  | 1,290,488 |
Other | 132,043 |  |  | 111,507 |  |  | 394,473 |  |  | 333,362 |
Total revenue | $ | 2,465,800 |  |  | $ | 2,207,343 |  |  | $ | 7,267,054 |  |  | $ | 6,433,625 |

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