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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following tables set forth the Company’s unaudited quarterly financial data (in millions, except per share amounts):
 
 
Quarter
 
 
 
 
First
 
Second
 
Third
 
Fourth
 
Full Year
Years Ended December 31,
 
 
 
 
 
 
 
 
 
 
2019:
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
2,808.4

 
$
3,005.7

 
$
3,118.3

 
$
3,111.4

 
$
12,043.8

Gross profit (1)
 
$
431.5

 
$
454.3

 
$
465.6

 
$
464.6

 
$
1,816.0

Income (loss) from operations (1)
 
$
86.8

 
$
97.1

 
$
83.3

 
$
96.5

 
$
363.7

Net income (loss) (1)
 
$
38.6

 
$
49.2

 
$
38.0

 
$
48.1

 
$
174.0

Basic earnings (loss) per share
 
$
2.09

 
$
2.65

 
$
2.04

 
$
2.57

 
$
9.35

Diluted earnings (loss) per share
 
$
2.08

 
$
2.64

 
$
2.04

 
$
2.57

 
$
9.34

2018:
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
2,860.0

 
$
2,943.5

 
$
2,889.1

 
$
2,908.8

 
$
11,601.4

Gross profit (2)
 
$
419.8

 
$
438.2

 
$
435.1

 
$
432.1

 
$
1,725.1

Income (loss) from operations (2)
 
$
79.1

 
$
109.2

 
$
78.2

 
$
74.7

 
$
341.1

Net income (loss) (2)
 
$
35.8

 
$
56.5

 
$
34.8

 
$
30.7

 
$
157.8

Basic and diluted earnings (loss) per share
 
$
1.70

 
$
2.72

 
$
1.74

 
$
1.62

 
$
7.83


(1) Includes $2.0 million, $4.0 million and $11.9 million of expense in the first, second and third quarters of 2019, respectively, related to catastrophic events mainly as a result of flood damage from Tropical Storm Imelda and hail storm damages primarily in Texas and $0.5 million, $10.3 million and $11.5 million in the second, third, and fourth quarter, respectively, related to asset impairment charges.
(2) Includes $20.1 million, $5.4 million and ($0.3) million of net gains / (losses) in the second, third and fourth quarters of 2018, respectively, related to disposition on real estate and dealership transactions; $5.8 million and $0.6 million of expenses in the second and fourth quarters of 2018, respectively, related to catastrophic events mainly as a result of hail storms; $0.5 million and $3.1 million of gains in the second and third quarters of 2018, respectively, related to legal settlements and $4.3 million, $23.2 million and $16.5 million in the second, third and fourth quarters of 2018, respectively, related to asset impairments.